Examlex

Solved

Which of the Following Statement Is False

question 36

Multiple Choice

Which of the following statement is false?


Definitions:

Machine Hours

A measure of production time, calculated as the total hours that machinery is operated over a specific period.

Contribution Margin

The amount remaining from sales revenue after variable costs have been deducted, indicating the contribution of sales to covering fixed expenses.

Machine Hours

A measure of the amount of time a machine is operated, used as a basis for allocating manufacturing overhead to products.

Theory of Constraints

A management paradigm that focuses on identifying and addressing the most significant limiting factor (constraint) that hinders achieving a goal, and systematically improving that constraint until it is no longer the limiting factor.

Related Questions