Final answer:
Job Order Costing is used for high dollar per item sales, as it allows tracking of individual job costs, essential for high-value items. Average cost, average variable cost, variable costs, and marginal cost are costs measured on a per-unit basis. Production technology encompasses the methods and processes used in the manufacturing of goods and services.
Step-by-step explanation:
The student asked which costing system would be used for high dollar per item sales. For such sales, Job Order Costing would typically be used. This method is most suitable for businesses that produce unique custom orders or products that have significant cost differences. It allows companies to track the exact cost of each individual job, which is crucial when dealing with high-value items. On the other hand, Process Costing is used for standardized goods produced in mass quantities, Activity Based Costing is used to allocate overhead costs more accurately to products based on the activities that go into producing each product, and Just-in-Time Costing focuses on reducing inventory costs by producing only what is needed at the time it's needed.
When it comes to costs measured on a per-unit basis, Average Cost, Average Variable Cost, Variable Costs, and Marginal Cost are all evaluated in this manner. Fixed costs, however, are not because they do not vary with the level of production or sales volume; they are constant in total over a given period.
Production technology refers to the methods and processes used for producing goods and services. It includes the use and integration of machinery, tools, techniques, and software to enhance efficiency, productivity, and quality in the manufacturing process.