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MRP Is an Integrated Decision Support System for Planning, Executing

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MRP is an integrated decision support system for planning, executing, and controlling manufacturing operations


Definitions:

Predetermined Overhead Rate

An estimated overhead rate used in costing to assign indirect costs to products or services based on an activity measure, recalculated for emphasis.

Machine-Hours

A unit of measure for the total operational time of machines within a manufacturing or production process.

Job Cost Sheet

A record or document that tracks the costs associated with a specific job or project within a job-order costing system.

Predetermined Overhead Rate

The rate used to allocate manufacturing overhead costs to products, computed before the period begins based on estimated costs and activity levels.

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