Mr Slocum Needs to Assess Whether His Organic Food-Processing Plant

question 68

Multiple Choice

Mr. Slocum needs to assess whether his organic food-processing plant is serving the targeted clientele and what mode of service delivery is most beneficial to the overall plant operation. Mr. Slocum is looking to conduct a(n) :

• A) needs evaluation.
• B) process evaluation.
• C) program evaluation.
• D) outcome evaluation.

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Definitions:

Absorption Costing

A cost accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead - as part of the cost of a finished product.

Net Income

A company's overall profit after subtracting expenses and taxes from its revenue.

Manufacturing Margin

The difference between the sales revenue generated from manufactured goods and the cost of goods sold, reflecting the profitability of the manufacturing operations.

Variable Costing

A costing method that includes only variable manufacturing costs - direct materials, direct labor, and variable manufacturing overhead - in product costs.