Management Tools That Are Graphs of Skewed Statistical Distributions Which

question 22

Multiple Choice

Management tools that are graphs of skewed statistical distributions which display the number of problems or defects as bars of varying lengths are called

• A)Control charts.
• B)Cause-and-effect charts.
• C)Pareto charts.
• D)All of the answers are correct.

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Definitions:

Supplies

Items and materials used in the daily operations of a business, often consumable and regularly replaced.

Material Price Variance

The difference between the actual cost of materials and the expected (or standard) cost.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost, based on predetermined rates and actual hours worked.

Variable Overhead Rate Variance

The gap between what was actually spent on variable overhead and what was predicted to be spent, considering the actual activity level.