The MRP Input Stating Which End Items Are to Be

question 3

Multiple Choice

The MRP input stating which end items are to be produced, when they are needed, and what quantities are needed, is the

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

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Definitions:

Fixed Overhead

Costs that do not vary with the level of production or sales volume, including rent, salaries, and insurance.

Monthly Lease Payments

Regular payments made for the use of property or equipment over a set period, typically agreed upon in a lease contract.

Production Equipment

The machinery and tools used in the production process to manufacture products.

Cost Of Goods Sold

The expenses directly linked to the creation of products a company sells, including both materials and labor costs.