A Goal of Physical Distribution Is to Reduce ____ or How

question 49

Multiple Choice

A goal of physical distribution is to reduce ____ or how long it takes to complete a process.

• A) time standards
• B) processing time
• C) production
• D) throughput measure
• E) cycle time

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Definitions:

Budget Variance

This is the difference between the budgeted or planned amount of expense or revenue, and the actual amount incurred or received.

Standard Hours

The set amount of time expected to complete a job or task, often used for planning and assessing the efficiency of operations.

Volume Variance

The difference between the budgeted volume of production and the actual volume, which affects the fixed overhead costs.

Direct Labor-Hours

A measure of the total hours worked by employees who are directly involved in the production process of a company's products or services.