The development of Logistics and supply chain started in the 1960s with the development of the physical distribution concept. 1. True
2. False

True

Explanation:

A supply chain is the network that exist between a company and the company's suppliers to produce and also distribute a particular product. It should be noted that this network consist of different people, activities, resources and information. It is also the steps that are taken before the goods reach the consumer.

The development of logistics and supply chain began in the 1960s with the development of the physical distribution concept. It should be noted that the initial focus on the physical distribution was logical and in the 1980s, the logistics concept grew in several organizations.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total