In Conducting Aggregate Operations Planning, There Are a Number of Required

question 33

Multiple Choice

In conducting aggregate operations planning, there are a number of required inputs. Which of the following inputs are considered internal to the firm?

• A) Inventory levels and economic conditions
• B) Market demand and subcontractor capacity
• C) Current physical capacity and current workforce
• D) Competitor behavior and current workforce
• E) Current physical capacity and raw material availability

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Definitions:

Equivalent Units

A concept used in cost accounting to express the amount of work done by incomplete units in terms of fully completed units.

First-In, First-Out

An inventory valuation method that assumes the first items placed in inventory are the first sold.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process.

Cost Of Production Report

A financial report detailing the total cost and production quantities of a manufacturing department or process.