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    Cost Accounting Foundations and Evolutions
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    Exam 7: Standard Costing and Variance Analysis
  5. Question
    In a Just-In-Time Inventory System
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In a Just-In-Time Inventory System

Question 74

Question 74

Multiple Choice

In a just-in-time inventory system,


A) practical standards become ideal standards.
B) ideal standards become expected standards.
C) variances will not occur because of the zero-defects basis of JIT.
D) standard costing cannot be used.

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