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standard costing

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › standard costing

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • August 26, 2017 at 9:06 am #403612
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Which of the following statements are true in the context of a just in time (JIT) inventory system?

    1. “It works best if supplies are obtained from a number of different suppliers”
    – This answer is wrong. Could you why?

    August 26, 2017 at 10:07 am #403637
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    Why have you headed up this thread ‘standard costing’?

    Given the need for suppliers who deliver on time and deliver good quality, and the contracts that are needed to ensure this, the fewer suppliers normally the better.

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