Deviational Variables in a Goal Programming Model Constraint Represent the

question 99

Multiple Choice

Deviational variables in a goal programming model constraint represent the

• A) underachievement or overachievement of a goal level.
• B) resource constraint as defined by the linear model.
• C) probability of an optimal solution.
• D) probabilistic variables in the objective constraints.

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Definitions:

Standard Price

A predetermined cost that companies use to budget and evaluate the performance of actual costs.

Standard Quantity

The established amount of materials or inputs expected to be used in the production of a good or service.

Total Manufacturing Cost Variance

The difference between total standard costs and total actual costs for the units produced.

Standard Costs

Predetermined costs for the manufacturing of products or services, used as target costs or bases for variance analysis.