A(n) _____ Refers to the Flow of Materials, Information, Money

question 41

Multiple Choice

A(n) _____ refers to the flow of materials, information, money, and services from raw material suppliers, through factories and warehouses to the end customers.

• A) demand chain
• B) business process
• C) manufacturing process
• D) supply chain
• E) enterprise resource process

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Definitions:

Factory Overhead Allocated

The portion of factory overhead costs assigned to each unit of production, based on a predetermined formula.

Multiple Production

Involves producing multiple products or variants from the same base of raw materials or through similar production processes, aimed at diversification and efficient resource use.

Direct Labor Hours

The cumulative hours spent by workers directly engaged in manufacturing products or delivering services.

Activity-Based Cost

A costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption.