What Is the Most Logical Sequence of Steps in a Production

question 20

Short Answer

What is the most logical sequence of steps in a production planning and control system?
Business plan, long range operations plan, operations control, operations schedules, output to customers
Operations control, operations schedules, output to customers, long range operations plan, business plan
Business plan, operations control, operations schedules, long range operations plan, output to customers
Business plan, long range operations plan, operations schedules, operations control, output to customers
Business plan, operations control, operations schedules, output to customers, long range operations plan

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Definitions:

Predetermined Level

A set benchmark or standard established in advance to guide production activities or cost estimations.

Cost Variance

The difference between the expected (budgeted) cost of an activity and its actual cost.

Standard Cost

A predetermined cost serving as a benchmark for evaluating the actual cost performance of activities.

Actual Cost

The actual expenses incurred in producing a product or delivering a service, including all direct labor, materials, and overhead costs.