Which of the Following Statements About Processing Cycle Efficiency (PCE)

question 108

Multiple Choice

Which of the following statements about processing cycle efficiency (PCE) is not true?

• A) It is defined as the ratio of processing time to non-processing time.
• B) It is a measure of operating process efficiency.
• C) It is based on the relationship between actual processing time and total production time.
• D) It incorporates notions of "value-added" and "non-value-added," as discussed in the development of activity-based cost (ABC) systems.
• E) The optimum value of PCE is 1.0.

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Definitions:

Fixed Costs

Expenses that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity.

Hourly Wage Rates

The amount of money paid for each hour of work, often used to compensate employees in part-time or variable-hour jobs.

Break-even Point

The point at which total costs and total revenue are equal, meaning the business is not making a profit but also not incurring any losses.

Break-even Sales

Break-even sales refer to the amount of revenue a business must generate to cover all its fixed and variable costs, without making a profit or a loss.