Examlex
The Deming way to improve quality includes:
Variable Overhead Rate
The ratio of variable overhead costs to a related activity driver, often used in cost accounting.
Overhead Efficiency
A measurement of how effectively a company uses its overhead costs in generating revenue.
Fixed Overhead Budget
A plan for the fixed costs involved in operating a business, which do not vary with levels of production or sales.
Standard Machine-Hours
The predetermined amount of time that machines are expected to operate to produce a set quantity of goods.
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