The amount of time an item may be held in inventory before it becomes unusable

A shop worker performs a task which has a standard time of 12 hours and he finishes in 10 hours. This same worker during this same time was only supposed to work an 8 hour shift, but ended up working a 10 hour shift to help get the project done early. Calculate the rated capacity for a standard 40 hour week using the above job as a baseline?

The Indoor Store presents the following facts pertaining to the cost of one product carried in its merchandise inventory:
Beginning inventory on hand, 200 units @ $15 = $3,000
Purchase June 1, 200 units @$16 = $3,200
Purchase July 5, 200 units @ $20 = $4,000
Purchase August 25, 200 units @ $25 = $5,000
A new order comes in for 500 units. What is the cost of goods sold that should be recorded using a simple weighted average using the LIFO methodology?

The difference between a master schedule and a master production schedule is that master production schedule is what?

Actual lead time is directly affected by what?

To track a shipment without manual inspection would include which of the following
I. RFID
II. EDI
III. Bar Codes
IV. Poka Yoke

All of the following are techniques to reduce lead time EXCEPT

A purchase order is signed with ABC company for $3,000 worth of materials. The average salary of a buyer is paid $25 an hour and manufacturing gets paid $20 an hour.
It takes 5 hours for a buyer to set up a purchase order and it takes manufacturing 10 hours to set up the job and 40 hours to process the job
How much are the ordering/ setup costs for this purchase order?

What is defined as the amount of planned work scheduled for and actual work released to a facility, work center, or operation for a specific span of time?

Who should be the only people to make an engineering change request?

Constraints include which of the following
I. Machine Center
II. Material Availability
III. Managerial Policy
IV. Purchase Order Paperwork