Compare the Various Strengths and Challenges of the Survey as a Measurement/evaluation

question 38

Essay

Compare the various strengths and challenges of the survey as a measurement/evaluation method.

---

Definitions:

Standard Machine-Hours

The predetermined amount of machine time estimated or allocated for the production of a unit or batch of products, used for costing and efficiency measurements.

Variable Overhead Rate

The ratio of variable overhead costs to a related activity driver, often used in cost accounting.

Overhead Efficiency

A measurement of how effectively a company uses its overhead costs in generating revenue.

Fixed Overhead Budget

A plan for the fixed costs involved in operating a business, which do not vary with levels of production or sales.