Computer-Aided Manufacturing (CAM)has Replaced Computer-Aided Design (CAD)in the Product Design

question 3

True/False

Computer-aided manufacturing (CAM)has replaced computer-aided design (CAD)in the product design process.

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Definitions:

Inputs

Resources used in the production process, including raw materials, labor, and overhead costs.

Outputs

Outputs are the goods or services produced by a company or an economic system as a result of its inputs and processes.

Controllable Variance

The portion of variance that can be directly managed or influenced by a manager, often related to costs within a specific period.

Variable Overhead

Costs that fluctuate with the level of output or production activity, such as utilities for a manufacturing line.