1 - Maximum effectiveness and efficiency are reached when the just-in-time (JIT)

Question

1 - Maximum effectiveness and efficiency are reached when the just-in-time (JIT) philosophy is used only by manufacturers. True or False

2 - In a service organization, the multiple department overhead rate method is the most effective in providing information about the cost of services. True or False

3 - Service companies can effectively use activity-based costing to compute product (service) costs. True or false

4 - Multiple production department factory overhead rates are most useful when production departments are very similar in their manufacturing processes. True or False

5 - Activity-based costing is much easier to apply than single plantwide factory overhead allocation. True or False

Explanation / Answer

Hi,

Please find the answers as follows:

1) False

2) False

3) True

4) True

5) False

Thanks

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