What Uses Sales Forecasts to Make Sure That Needed Parts

question 26

Multiple Choice

What uses sales forecasts to make sure that needed parts and materials are available at the right time and place in a specific company?

• A) Transportation planning system
• B) Distribution management system
• C) Inventory management and control system
• D) Materials requirement planning system

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Definitions:

Actual Rate

The real interest rate or exchange rate that is applied in current transactions, distinct from theoretical or future rates.

Standard Rate

A predetermined cost or price used in budgeting and costing exercises, reflecting an expected or agreed level of expenditure or charge.

Variable Factory Overhead Controllable Variance

The difference between the actual and budgeted variable overhead costs that management has the ability to influence or control.

Actual Hours

The real number of hours worked or spent on a particular activity or project, as opposed to planned or estimated hours.