Accounting for product costs in a JIT environment
A)uses a job order costing system.
B)classifies processing costs as raw (or direct)material,direct labor,and overhead.
C)is more complex than in other types of manufacturing environments.
D)follows process costing procedures whereby costs are accumulated by the process (cell)and attached to units processed for the period.

Question

Quizplus · Accepted Answer

In a JIT (Just-In-Time) environment, process costing is typically used as it aligns with the continuous flow of production, where costs are accumulated by the process or cell and attached to units processed for the period.

Accounting for Product Costs in a JIT Environment