Which Two of the 4 V's Do Hayes and Wheelwright

question 8

Multiple Choice

Which two of the 4 V's do Hayes and Wheelwright use in their research and analysis of operations which lead to a seminal paper in 1979?

• A) Variability and Volume
• B) Variation and Volume
• C) Variety and Variation
• D) Variety and Volume

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Definitions:

Budget Data

Financial projections that outline expected income and expenses for a company over a specific period.

Budgeted Sales

The amount of sales that a company plans to achieve in a specified period, used as a target for financial and operational planning.

Predetermined Overhead Rate

A rate used to assign manufacturing overhead costs to individual units of production, calculated in advance based on estimated costs and activity levels.

Direct Labor-Hour

A measure of the amount of work in hours directly involved in manufacturing a product or delivering a service.