The efficiency variance measures ________
A) the difference between the quantity used by the company and the quantity used by its competitors
B) the change in quantities used over time
C) how well the business uses its materials or human resources
D) how quickly direct materials are processed into finished goods
C
You might also like to view...
Smith's Electronics originally priced a private-label portable DVD player at $90, and then sold 1,500 units per week. After raising the price to $100, sales dropped to 1,000 units per week. First, determine the price elasticity, and then determine the profit-maximizing price if the private-label portable DVD player costs $50.
A. $70 B. $85.70 C. $70.25 D. $75 E. $90
Answer the following statements true (T) or false (F)
Self-observation involves determining when, why, and under what conditions we use certain behaviors.
A company that uses the periodic inventory provides the following information:
1. Beginning Inventory $15,000 2. Net Purchases $94,000 At the end of the period, the company does an inventory count and finds $12,000 of inventory on hand What is the amount of cost of goods sold? A) $94,000 B) $121,000 C) $97,000 D) $82,000
Which of the following internal business perspective key performance indicators (KPIs) is commonly used to assess the innovation process?
A) number of new products developed B) number of warranty claims C) employee turnover rate D) rate of on-time deliveries