The time between a customer's order placement till the customer receives its delivery is known as ___________?
Correct answer: C. customer response time
- A. manufacturing lead time
- B. manufacturing cycle time
- C. customer response time
- D. system process time
Explanation
Customer response time covers the complete period from placing an order to receiving delivery. Manufacturing lead time normally concerns the production period, not necessarily the entire customer-order-to-delivery interval.
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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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