Operational Capacity Management MCQs
Operational capacity planning aims to balance customer demand with production capability. The possible approaches to capacity planning include:
Operational capacity planning aims to balance customer demand with production capability. The possible approaches to capacity planning include:
Operations management is concerned with the transformation of ‘inputs’ into ‘outputs’ that meet the needs of the customer.
Process costing provides a system of costing where the output is continually produced from the manufacturing process. Materials might be added in full at
A standard cost is a predetermined unit cost based on expected direct materials quantities and expected direct labour time, and priced at a
A variance is the difference between a planned, budgeted or standard cost and the actual cost incurred. There is Cost variance analysis and Revenue
Overhead is the cost incurred in the course of making a product, providing a service or running a department, but which cannot be traced directly
Common methods of measuring labour activity are at Production and Productivity level. Here on MCQ.club we have prepared useful
Job costing is used when a business entity carries out tasks or jobs to meet specific customer orders. Batch costing is similar to job costing in that