Which Data Types Are Typically Found in the Operations Management

question 221

Multiple Choice

Which data types are typically found in the operations management department?

• A) Manufacturing data, distribution data, and production data.
• B) Sales data, customer data, commission data, and customer support data.
• C) Employee data, promotion data, vacation data.
• D) Investment data, monetary data, reporting data.

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Definitions:

Absorption Costing

A method of product costing that incorporates all manufacturing costs, including both fixed and variable costs, in the price of a product.

Variable Costing

An accounting method that charges only variable costs to cost of goods sold and reports fixed costs separately as period costs.

Fixed Manufacturing Overhead

Costs associated with production that do not vary with the level of output, such as salaries of managers and rent for factory buildings.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed overhead—in the cost of a product.