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The Reorder Point (ROP) Should Be Established to Cover Demand

question 28

True/False

The reorder point (ROP) should be established to cover demand during lead time plus safety stock.

Understand the effects of variances on financial statements and how to report them.
Calculate and analyze the budgeted variable factory overhead based on actual production.
Analyze the causes of unfavorable variances and propose corrective actions.
Understand how to calculate direct materials price variance.

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