The management accountant aids in MRP by ________.
A) doing journal entries as requested
B) preparing plant appropriation requests
C) maintaining accurate records of inventory and its costs
D) contacting vendors to make sure they can deliver the materials in time

Question

Quizplus · Accepted Answer

The management accountant plays a vital role in maintaining accurate records of inventory and its costs, which is essential for effective material requirements planning (MRP). They provide cost data on raw materials and finished goods, calculate inventory carrying costs, and help determine the economic order quantity (EOQ) for materials. While preparing plant appropriation requests and contacting vendors are also important tasks, accurate record-keeping is essential for effective MRP. Doing journal entries is a basic accounting task that may not directly relate to MRP.

The Management Accountant Aids in MRP by ________