A Company Using Just-In-Time (JIT) Methods Likely Would Show Approximately

question 59

Multiple Choice

A company using Just-in-Time (JIT) methods likely would show approximately the same net operating income under both absorption and variable costing because

• A)ending stock would be valued in the same manner for both methods under JIT.
• B)production is geared to sales under JIT and thus there would be little or no ending stock.
• C)under JIT fixed manufacturing overhead costs are charged to the period incurred rather than to the product produced.
• D)there is no distinction made under JIT between fixed and variable costs.

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