On-Time Retail Information Management Carries Two Distinct Advantages Which Are

question 127

Multiple Choice

On-time retail information management carries two distinct advantages which are:

• A)reduced inventory and accounting information at the retail level.
• B)reduced inventory and market information at the retail level.
• C)reduced inventory and manufacturing information at the retail level.
• D)reduced inventory and production information at the retail level.
• E)reduced inventory and outsourcing information at the retail level.

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Definitions:

Variable Manufacturing Overhead

Costs in the manufacturing process that fluctuate with the level of production activity, such as utilities and materials.

Direct Labor-hours

The full amount of labor hours by employees directly contributing to the generation of products or services.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or standard) variable overhead based on a standard rate.

Variable Manufacturing Overhead

Costs that vary with the level of production output, such as utilities or raw materials.