JIT Manufacturing Emphasizes

question 86

Multiple Choice

JIT manufacturing emphasizes

• A)continuous improvement.
• B)elimination of waste.
• C)reduction of work-in-process inventories.
• D)all of the above.

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Definitions:

Variable Cost

A cost that changes in proportion to the level of production or sales volume.

Differential Analysis

This analysis involves comparing the costs and benefits of alternative business decisions, focusing on the differences in outcomes under each option.

Excess Capacity

The available production capability that exceeds the current demand for products or services.

Variable Cost Method

An accounting technique that tracks production costs that vary with the level of output.