Timeframe between placement of order until a finished good produces is classified as
A. customer response time
B. manufacturing lead time
C. manufacturing cycle time
D. both b and c
Answer: Option D
Solution(By Examveda Team)
Timeframe between placement of order until a finished good produces is classified as manufacturing lead time and manufacturing cycle time. The manufacturing lead time is the time period between the placement of an order and the shipment of the completed order to the customer. Manufacturing cycle time refers to the time required or spent to convert raw materials into finished goods. It is also known as throughput time.Related Questions on Management Accounting
A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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