Which of the Following Statements Is NOT True About Finite

question 4

Multiple Choice

Which of the following statements is NOT true about finite capacity scheduling (FCS) ?

• A)FCS is an extension of the Gantt chart reasoning.
• B)FCS loads jobs backward from due dates to determine the capacity required at each work center to meet the due dates of each job.
• C)FCS assumes that jobs are being scheduled through a number of work centers,each with one or more machines.
• D)With the advent of modern computers,FCS has been vastly improved.
• E)In FCS,attention is paid to scarce resources to facilitate job flow and to improve the performance of the shop.

Understand the concepts of manufacturing overhead and conversion costs and their components.

Apply the standard cost formula in calculating total costs.

Understand the concepts of fixed, variable, and total costs within the relevant range.

Calculate product costs for financial reporting purposes.