__________ Systems Schedule Materials to Arrive at a Company Just

question 9

Multiple Choice

__________ systems schedule materials to arrive at a company just as they are needed on the production line.

• A)Mass customization
• B)LIFO
• C)First-in, first-out
• D)Just-in-time inventory
• E)Last-in, last-out

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Definitions:

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor directly involved in manufacturing.

Sales Volume

The quantity of units sold within a given period, a key factor in assessing a company's performance and profitability.

Mixed Cost

A cost that contains both variable and fixed cost components.

High-low Method

A method in cost accounting that identifies the fixed and variable elements of a cost by examining the lowest and highest levels of activity.