Cycle Time It the

question 36

Multiple Choice

Cycle time it the

• A) total time a unit spends in the system.
• B) time between completed units leaving the assembly line.
• C) minimum processing time needed at any given workstation.
• D) the time to cycle a unit backwards in the process for rework.

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Definitions:

Cost Formula Equation

An equation used to predict the total cost of production, combining both fixed and variable costs.

High-low Method

A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.

Mixed Cost

A cost that contains both variable and fixed cost elements, changing in total with changes in the activity level but not proportionately.

High-low Method

A technique used in managerial accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.