Operational Plans Are Specific Plans That Are Created to Enact

question 20

Multiple Choice

Operational plans are specific plans that are created to enact policies.Which of the following is NOT part of operational planning?

• A)schedules
• B)procedures
• C)strategy
• D)regulations Schedules,procedures,standards,and regulations are part of operational planning.

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Definitions:

Monthly Usage

The total amount of a resource or input consumed within a month, often tracked for budgeting and planning purposes.

Backflush Costing

A simplified accounting method that applies costs to products after the completion of production, often used in just-in-time manufacturing systems.

Product Costing

The process of determining the total cost involved in creating a product, considering materials, labor, and overheads.

Job Order Costing

A cost accounting system that assigns manufacturing costs to an individual product or batches of products, typically used for custom orders or unique products.