The Input Used in MRP That Lists the Assemblies,subassemblies,parts,and Raw

question 38

Multiple Choice

The input used in MRP that lists the assemblies,subassemblies,parts,and raw materials needed to produce one unit of finished product is the:

• A)master production schedule.
• B)bill of material.
• C)inventory-records.
• D)assembly-time chart.
• E)net-requirements chart.

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Definitions:

Premium On Bonds Payable

The excess amount by which bonds are sold over their face value, indicating investors’ willingness to pay more for certain bonds.

Bond Interest Expense

Bond interest expense is the cost incurred by an issuer of bonds for paying interest to the bondholders, typically recognized in the income statement.

Amortization

The gradual reduction of a debt over a period of time through regular payments that cover principal and interest.

Semiannually

Occurring twice a year or every six months.