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Computer Hardware and Software Technology, Robots Used in Manufacturing and Automated

question 90

Multiple Choice

Computer hardware and software technology, robots used in manufacturing and automated warehouses are examples of which type of resources?


Definitions:

Quantity Standard

The expected or budgeted quantity regarding inputs or outputs, used as a performance measure or pricing basis.

Price Standard

A predetermined cost that represents what should be paid for a unit of input, such as materials or labor.

Materials Price Variance

Materials price variance is the difference between the actual cost of materials used in production and the standard cost expected, it can indicate changes in market prices or purchasing efficiency.

Quantity Standard

A specific measure established to gauge the expected or optimal quantity of input required to produce a unit of output.

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