In order to determine product costs, JIT firms are usually structured so they can use:
A)job-order costing
B)process costing
C)joint costing
D)variable costing

Name: In order to determine product costs, JIT firms are usually structured so they can use: A)job-order costing B)process costing C)joint costing D)variable costing
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Question

Quizplus · Accepted Answer

JIT firms use process costing because they produce a high volume of standardized products, and their costs are accumulated by process rather than by job.

In Order to Determine Product Costs, JIT Firms Are Usually