______ Is the Coordination of All Activities Related to Production

question 46

Multiple Choice

______ is the coordination of all activities related to production by providing consistent data to all participants involved in various stages of the production process.

• A)Manufacturing resource planning (MRP)
• B)Manufacturing resource planning (MRP II)
• C)Enterprise resource planning (ERP)
• D)Distribution requirements planning (DRP)

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Definitions:

Equivalent Units

A term used in cost accounting to express the amount of work done during a period in terms of complete units of output.

First-in

A method used in inventory valuation where the first goods purchased are the first ones to be used or sold.

Materials

Raw inputs used in the manufacturing of products or goods, part of the direct costs in production.

Direct Method

A cash flow statement reporting approach that lists major categories of gross cash receipts and payments.