SCM Involves the Design and Management of Three Primary Flows

question 28

Multiple Choice

SCM involves the design and management of three primary flows:

• A) Products, information, funds
• B) Suppliers, customers, manufacturers
• C) Distributors, retailers, customers
• D) Logistics, operations, marketing
• E) Responsiveness, reliability, relationship management

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Definitions:

Predetermined Overhead Rate

A computed rate used for applying overhead costs to products or job orders, calculated before the period begins based on estimated costs.

Machine-Hours

The total hours that machinery is operating during a specific period, often used for allocating manufacturing overhead costs.

Predetermined Overhead Rate

An estimated rate used to assign manufacturing overhead costs to individual units of production.

Machine-Hours

A measure of the amount of time machines are operated, used as a basis for allocating manufacturing overhead costs in production.