Efficiency and Utilization are similar; they vary only by the value of the numerator. True False
Efficiency and Utilization are similar; they vary only by the value of the numerator.
| True | |
| False |
Homework Answers
1. FALSE
While efficiency is based on the effective capacity of the plant,
utilization is based on the design capacity and therefore, it is
not based on the numerator, rather, the denominator.
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Efficiency and Utilization are similar; they vary only by the
value of the numerator.
True
False
Determine the utilization and the efficiency for each of these situations: a. A loan processing operation...
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25) Variable costs vary in total and vary per unit (within the relevant range). True False...
25) Variable costs vary in total and vary per unit (within the relevant range). True False 26) On a CVP graph for a profitable company, the total revenue (sales) line will be steeper than the line representing total costs (variable costs and fixed costs). True False 28. Depreciation expense on an office copier used by the CEO in the administrative building is a product cost and a noncash expense. True False 29. One disadvantage of top down budgeting is budgetary...
True or False: Price and efficiency variances can be computed without using standard costs. True False
True or False: Price and efficiency variances can be computed without using standard costs. True False
True, false, or uncertain: technical efficiency leads to allocative efficiency. Please explain why and include the...
True, false, or uncertain: technical efficiency leads to allocative efficiency. Please explain why and include the definition of technical efficiency and allocative efficiency in the answer
True (T) or False (F) Questions In a queuing system, if the system’s utilization is 100%,...
True (T) or False (F) Questions In a queuing system, if the system’s utilization is 100%, then the customer waiting time will be zero. In an EOQ model, if the unit inventory holding cost doubles, the optimal order quantity should be cut to half. Assignable causes of variation are those that are frequent, random, and whose source cannot be identified.
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True or False? “OR” means that only one of the logical tests must be true in order for the statement to return a value of TRUE. True False
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True or False: Price and efficiency variances can be computed without using standard costs. a. True b. False True or False: In general, when two users share a facility such as a mailroom, the primary user would prefer that the common costs be allocated under the incremental method. a. True b. False
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In the relevant range, fixed overhead costs do not vary with cost driver activity. True False
true or false, explain if false (f) Efficiency is related to the size of the economic...
true or false, explain if false
(f) Efficiency is related to the size of the economic pie, whereas equity is related to how the pie gets sliced and distributed. X (g) The free-rider problem arises when the number of beneficiaries is large and exclusion of any of them is impossible.x
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true or false, explain if false
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