The Idea Behind BPR Is to Reorganize the Complete Flow

question 110

True/False

The idea behind BPR is to reorganize the complete flow of data in major sections of an organization to eliminate unnecessary steps,achieve synergies among previously separate steps,and become more responsive to future changes.

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Definitions:

Materials Price Variance

The difference between the actual cost of raw materials and the standard or expected cost, multiplied by the quantity of materials purchased.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected (or budgeted) variable overhead based on a standard rate.

Labor Efficiency Variance

measures the difference between the actual labor hours used and the standard labor hours expected for the production achieved, indicating labor efficiency.

Labor Efficiency Variance

A measure of the difference between the actual number of labor hours used and the standard number of labor hours expected to produce a certain level of output.