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As a business owner, I have requested my staff to develop a set of dashboards that can be used by the public to show wait time at each of my four local coffee shops at peak times during the day and whether the time is short, medium, or long. Which of the following graphical displays would be the best choice?
Machine-Hours
A measure of the amount of time machines are run in the production process, often used as a basis for allocating manufacturing overhead costs.
Batches
Quantities or groups of products produced or processed at the same time.
Product Margins
The profit earned on the sale of a product after subtracting the cost associated with its production and sale.
Activity-Based Costing
A method of allocating costs to products and services based on the activities they require.
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