Job Shop Scheduling Is Also Known as Shop Floor Control

question 93

True/False

Job shop scheduling is also known as shop floor control.

---

Definitions:

Absorption Costing

A strategy for calculating the cost of a product by encompassing all associated manufacturing costs, covering direct materials, direct labor, and overheads, both variable and fixed.

Variable Costing

A costing method in accounting that only considers variable costs, which change with the level of output, in the determination of the cost of goods sold or manufacturing costs.

Fixed Production Cost

Costs that do not vary with the level of production, such as rent, insurance, and salaries of permanent staff.

Ending Inventory

The total value of all unsold goods at the end of an accounting period, including raw materials, work-in-progress, and finished goods.