_____ Is Software That Communicates Product Specifications to the CAM

question 45

Multiple Choice

_____ is software that communicates product specifications to the CAM software,which translates the specs into instructions for the production system.

• A)Interchangeable parts
• B)Computer-aided design
• C)Computer-aided manufacturing
• D)Design tolerances

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Definitions:

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard amount expected to be used, multiplied by the standard cost per unit of material.

Actual Costs

Expenditures that a company incurs, as opposed to estimations or budgeted amounts.

Standard Costs

Predetermined costs for material, labor, and overhead used as benchmarks for measuring performance.

Direct Labor Time Variance

The difference between the actual hours spent on production and the standard hours expected, multiplied by the standard hourly wage rate.