A Balloon Is a Circle Placed on the Drawing with a Part

question 50

True/False

A balloon is a circle placed on the drawing with a part identification number inside the circle. While part identification on an exploded technical illustration commonly use circles with numbers inside as balloons, some companies prefer to use numbers without circles. Each balloon is connected to its related part with a leader line. The balloon part identification number correlates to the same number identifying the part in the parts list. The parts list identifies every part in the assembly.

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Definitions:

Direct Materials

Raw materials that are directly incorporated into a finished product and can be directly assigned to the product.

Standard Costs

Predetermined cost estimates used to measure the cost performance of an operation, allowing for budgeting and variance analysis against actual costs.

Standard Price

A predetermined cost of a resource or product, used for budgeting and cost control purposes.

Standard Quantity

A predetermined amount of input that should be used in producing a unit of output.