Which of the Following Is Most Likely to Be Served

question 63

Multiple Choice

Which of the following is most likely to be served in a last-in, first-served (LIFS) queue discipline?

• A) customers checking out at a grocery store
• B) the in-basket on a manager's desk
• C) patients entering a hospital emergency room
• D) patrons waiting to be seated in a casual-dining restaurant
• E) use of flowers inventory in a floral shop

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Definitions:

Fixed Component

A portion of total costs that remains constant, regardless of changes in the production level or sales volume.

Underapplied

A situation where the allocated manufacturing overhead costs are less than the actual overhead costs incurred.

Overapplied

A situation where the estimated cost allocated to a product or job exceeds the actual costs incurred.

Fixed Overhead Budget

A financial plan that estimates the fixed costs needed to produce goods or services over a specific period.