Question: When developing a forecast and production plan; utilization refers to: The minimum number of labour hours required to produce full capacity The total number of

  1. When developing a forecast and production plan; utilization refers to:
  1. The minimum number of labour hours required to produce full capacity
  2. The total number of units in the production plan compared to the organizations capacity (Production Units / Capacity)
  3. How many units are actually sold compared to units produced (No of units sold/ No of units produced)
  4. The percentage of discounts given compared to the number of units sold at standard cost

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