How Do You Designate Variables as Integers When Using Excel

question 34

Essay

How do you designate variables as integers when using Excel Solver?

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Definitions:

Direct Labour

The labor costs for employees directly involved in the production of goods or services.

Actual Hours

The real number of hours worked, as opposed to the planned or standard hours set for a job or task.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected (or standard) cost, multiplied by the quantity of materials purchased.

Standard Quantity

The expected amount of materials or inputs required to produce a single unit of product under normal conditions.