The Fact That a Product or System Needs to Be

question 44

Multiple Choice

The fact that a product or system needs to be capable of meeting established standards refers to which quality dimension?

• A) Relative quality
• B) Conformance
• C) Absolute level of quality
• D) Perceived quality
• E) Performance

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Definitions:

Overhead Controllable Variance

Overhead controllable variance refers to the difference between expected controllable overhead costs and the actual costs directly managed by a department or manager.

Overhead Volume Variance

A measure used to evaluate the difference between expected and actual overhead costs, based on the volume of goods produced.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost that was expected or budgeted.

Materials Quantity Variance

The difference between the actual amount of materials used in production and the standard amount expected, measured in terms of cost.