Backflush costing requires fewer allocations than traditional accounting methods.

1/1

True

False

In a just-in-time (JIT) environment, design changes may be made at any time during the
production process

1/1

True

False

Lean manufacturing and just-in-time (JIT) systems are both concerned with reduction of
inventory levels.

1/1

True
 False

Economic order quantity (EOQ) is compatible with just-in-time systems.

1/1

True

False

The EOQ formula can be modified to calculate the number of units that should be
manufactured in a production run.

1/1

False

True