Costs That Change,in Total,in Direct Proportion to Changes in Productive

question 155

True/False

Costs that change,in total,in direct proportion to changes in productive output,or activity,are called variable costs.

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Definitions:

Assembly

The process of putting together various components or parts to build a finished product.

Procurement

The process of obtaining goods or services, typically for business purposes, which includes selecting suppliers, negotiating contracts, and strategic sourcing.

MRP

Material Requirements Planning, a system for planning production and inventory control, ensuring materials and products are available for production and delivery.