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Which costing method, used in just-in-time (JIT) production systems, attaches cost directly to output rather than following the flow of product through the production process?
Suggested Answer: A
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29 comments · newest first
TR
Tricia
11 months ago
Marginal costing doesn't fit JIT, just saying!
TU
Tuyet
11 months ago
Really? I always thought it was more complicated than that.
FR
Fredric
11 months ago
Backflush costing is the right answer, no doubt!
FR
Frank
12 months ago
I thought it was Absorption costing?
TY
Tyisha
12 months ago
It's definitely Backflush costing!
OL
Olga
12 months ago
I keep mixing up marginal costing and backflush costing. I hope I remember the right one for this question!
MA
Martin
1 year ago
I practiced a similar question, and I feel like Backflush costing was the right choice there too.
KA
Kara
1 year ago
I'm not entirely sure, but I remember something about absorption costing being more about the flow of costs through production.
CA
Cassi
1 year ago
I think the answer might be Backflush costing since it focuses on attaching costs directly to the output.
HU
Hubert
1 year ago
I'm a bit confused by the wording of this question. The options seem to cover different costing approaches, but I'm not sure how they specifically relate to JIT production. I'll have to review my notes to see if I can recall the key characteristics of each method.
KR
Kris
1 year ago
Okay, I remember learning about this in class. Backflush costing is the method that skips the detailed tracking of costs through the production process and instead assigns costs directly to the finished goods. That seems to fit what the question is asking.
TW
Twila
1 year ago
Hmm, I'm not totally sure about this one. I know JIT production is all about reducing inventory, but I'm not familiar with the different costing methods used in that context. I'll have to think this through carefully.
CA
Carmen
1 year ago
I think this is asking about the costing method used in JIT production systems that attaches cost directly to output. Backflush costing sounds like the right answer.
BE
Belen
1 year ago
Backflush costing, huh? Sounds like something you do when your car's low on gas - just flush the whole system and start over!
NO
Noble
1 year ago
D) Process costing
CH
Cherrie
1 year ago
C) Marginal costing
JE
Jennifer
1 year ago
A) Backflush costing
CH
Christiane
1 year ago
Marginal costing? Really? That's more about variable vs. fixed costs, not the costing method itself. Backflush is the way to go here.
DO
Donte
1 year ago
Hmm, process costing? That's for continuous production, not the discrete nature of JIT. Gotta be backflush costing.
ED
Edda
1 year ago
That makes sense, process costing wouldn't work for JIT production.
JO
Jolanda
1 year ago
Yeah, backflush costing attaches cost directly to output in JIT systems.
CH
Chaya
1 year ago
I think it's backflush costing.
LO
Lorenza
1 year ago
I was thinking absorption costing, but that's more for traditional manufacturing, not JIT. Backflush makes the most sense.
BI
Billy
2 years ago
That makes sense, Marginal costing does focus on variable costs. I see your point.
GL
Gladys
2 years ago
I disagree, I believe the answer is C) Marginal costing because it focuses on variable costs.
MA
Marge
2 years ago
Backflush costing seems like the right answer here. It's the only one that attaches costs directly to output in a JIT system.
EV
Evan
1 year ago
Yes, backflush costing is specifically designed for JIT systems to streamline the costing process.
RA
Rasheeda
1 year ago
I agree, backflush costing is the method that attaches costs directly to output in JIT systems.
BI
Billy
2 years ago
I think the answer is A) Backflush costing.