The Production Database Containing Information About Each of the Components

question 64

Multiple Choice

The production database containing information about each of the components that a firm produces or purchases is the

• A) routing file.
• B) work-centre master file.
• C) control file.
• D) item master file.
• E) component file.

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Definitions:

Variable Manufacturing Overhead

Costs in manufacturing that vary with the level of production output, such as materials and labor directly involved in production.

Direct Labor-hours

The total hours worked by employees directly involved in the manufacturing process or producing a service, often used as a basis for allocating overhead costs.

Direct Materials

Raw materials that can be directly associated with the production of specific goods or services.

Standard Cost Card

A document that lists the expected costs of materials, labor, and overhead associated with producing a particular product or performing a service.