Accounting for Just-In-Time Operations Requires Fewer Transactions Because

question 43

Multiple Choice

Accounting for just-in-time operations requires fewer transactions because

• A) large batches of inventory are combined in a smaller number of transactions.
• B) costs are accumulated in one department and then transferred to the next department.
• C) combined material and conversion costs are transferred to finished goods.
• D) costs are transferred from department to department allowing for better controls in costs.

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Definitions:

Defensive

A state of being protective against criticism, challenge, or threat.

Genuineness

The quality of being authentic, sincere, and honest in one's interactions and presence.

Tense/relaxed Continuum

A conceptual scale that describes the varying degrees of tension or relaxation present in an individual, situation, or environment.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.