Which of the Following Statements Is Incorrect Concerning Just-In-Time (JIT)

question 149

Multiple Choice

Which of the following statements is incorrect concerning just-in-time (JIT) processing?

• A) U.S. firms are switching to JIT processing in response to foreign competition.
• B) JIT manufacturing is dedicated to producing the right products at the right time as they are needed.
• C) JIT strives to eliminate inventories by using a "push" approach in manufacturing.
• D) JIT accounting creates a Raw and In-Process Inventory account.

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Definitions:

Equivalent Units

A concept in process costing used to convert partially finished goods into a number of complete units of output, facilitating cost calculation.

Conversion

The process of changing or causing something to change from one form to another. In manufacturing, it often refers to the process of turning raw materials into finished goods.

Equivalent Units

A concept used in cost accounting to express the amount of work or materials in terms of fully completed units of output.

Conversion

The process of changing the physical or chemical properties of a material or resource into a new form, often referring to the manufacturing phase where raw materials are transformed into finished goods.