Quiz 3
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JIT manufacturing emphasizes
All of these - continuous improvement - elimination of waste - reduction of work-in-process inventories
_________ is the whole units that could have been produced in a period given the amount of manufacturing inputs used
Equivalent units of output
In a process cost system, which of the following must be TRUE?
There is no need to use time tickets to assign cost to processes
The two method used to determine equivalent units of production are:
Weighted average and FIFO
When conversion costs are uniform
labor and overhead are added at the same rate but materials are added at a different point
