In comparison to the traditional manufacturing environment, overhead costs in a JIT environment all the following are true except

Related MCQs

• All of the following statements regarding budgeting is true except
• Which of the following statements regarding graphs of fixed and variable costs is true?
• The following information belongs to John Manufacturing Company that uses a standard costing system: • Basic wage rate:Rs.12 per hour • Fringe benefits: Rs. 2 per hour • Basic time: 2 hours per unit • Allowance for down time: 0.3 hours per unit • Allowance for brakes: 0.2 hours per unit Based on the above information, what is the standard direct labor cost per unit?
• Flexible manufacturing systems (FMS) are reported to have a number of benefits. Which is NOT a reported benefit of FMS?
• Which of the following costs is not capitalized as inventory?
• Given production is 1,00,000 units, fixed costs is Rs 2,00,000 Selling price is Rs 10 per unit and variable cost is Rs 6 per unit. Determine profit using technique of marginal costing.
• A management concept under which all managers and employees at all stages of company operations strive toward higher standards and a reduced number of defective units are called:
• Which one of the following statements is true?
• A situation in which a decision maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as
• ________ is the first step of budgetary system and all other budgets depends on it.