What is back flash costing? Target costing, Just in time costing and Activity based costing?

Definitions, Explanations, How the calculations are done and possibly worked examples.
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amitchandpatra

  • Aug 15th, 2008
 

Just-in-Time (JIT) manufacturing involves purchasing the raw materials and going ahead with the production process as and when the demand arises. JIT is an approach towards minimizing waste and maximizing productivity. The costing system associated with JIT manufacturing is known as Backflush Costing.

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