In Using Excel to Solve Linear Programming Problems,the Target Cell

question 50

Multiple Choice

In using Excel to solve linear programming problems,the target cell represents the:

• A) value of the objective function
• B) constraints
• C) decision variables
• D) total cost of the model

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Definitions:

Direct Materials Price Variance

The variance between the real expense of direct materials utilized in production and their predetermined cost, multiplied by the real amount of materials used.

Pounds

A unit of weight commonly used in the United States' customary and British imperial measurement systems.

Overhead Cost Variance

The difference between the actual overhead incurred and the overhead that was expected or budgeted.

Management By Exception

A management strategy where leadership steps in only when performance deviates significantly from standards, focusing on the exceptions rather than routine operations.