ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
Question
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When the Production section in a Manufacture requires a number of Raw Materials X, Y and Z, it turns out that the amount of raw materials in the warehouse is insufficient or does not match the desired amount, a document will be issued:
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Purchase Requisition (PR)
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Purchase Order (PO)
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Invoice Order
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Sales Order
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Explanation:
Detailed explanation-1: -The average cost refers to the total cost of production divided by the number of units produced.
Detailed explanation-2: -Direct material Direct material costs are the costs of raw materials or parts that go directly into producing products.
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