The time a company takes until a good is produced after order placement is known as ___________?
Correct answer: A. manufacturing lead time
- A. manufacturing lead time
- B. manufacturing cycle efficiency
- C. customer response time
- D. system process time
Explanation
Manufacturing lead time is the elapsed time from placing an order until the product is completed. Manufacturing cycle efficiency is a ratio, not a period of time.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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