The Industrial Engineering Method Is Used to Determine Which Activities

question 15

True/False

The industrial engineering method is used to determine which activities, and in what amounts, are necessary to complete a process.

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Definitions:

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remains constant regardless of the level of production, such as depreciation of equipment and salary of supervisors.

Budget Variance

The difference between budgeted and actual figures for a given period, indicating under or overspending.

Machine-Hours

A measure of production time, calculating the total hours a machine is operated in the production of goods.

Actual Level

The real, observed state or amount of something, rather than estimated or predicted levels.