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3 years ago

What inventory management procedure helps a firm to control inventory costs?.

Business

2 answers:

lyudmila [28]3 years ago

6 0

Just-in-time (JIT) inventory management is the procedure which helps a firm to control inventory costs.

<h3>What is Inventory?</h3>

These are the goods and services which a company hold for the purpose of resale or production.

Just-in-time (JIT) inventory management helps companies to control inventory costs because raw materials are supplied according to production schedule thereby reducing risks such as dead stock etc.

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Nuetrik [128]3 years ago

5 0

Answer:Implementing a just-in-time Inventory control Method.

Explanation:

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3 years ago

The Carter Corporation makes products A and B in a joint process from a single input, R. During a typical production run, 50,000

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Answer: $54,000 per production run

Explanation:

As we are dealing with the decision of whether or not to process the good further, the irrelevant cost would be the cost of producing product B from input R.

This is because this cost has already been incurred to produce product B and so is a sunk cost. Sunk costs are irrelevant to the decision to process further.

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