1. Activity-based costing is a method of allocating overhead often used with ___________.
A. economic order quantities
B. alternate based capital
C. automation
D. an A-B-C inventory approach
E. lean systems
2. ABC analysis is an item classification system which (indicate the exception below):
A. can be used as guide for allocating time and attention in inventory management.
B. identifies the A items as primarily materials and parts that account for the highest percentage of annual dollar value.
C. can be used as a guide for establishing controls in inventory management.
D. would guide inventory management to concentrate their time and effort on supply type items.
E. none of the above is an exception.