An activity measure focused on the number of items produced in the production process is called a(n) <u>Output</u> measure. Output; activity focused on measuring number of items produced in a production process in a firm is known as output measurement.
More about output measure:
When we talk about output measurement in production another contradictory term which comes to our mind is outcome measurement.
Output measurement:
Measures of an organization's output what it generates during production. For a health department, an example of this may be the quantity of homes that have had their lead paint examined. Or the number of people trained as part of a training programme
Outcome measurement:
Measures related to what the organization aims to achieve. These are sometimes divided into short-term, medium-term and long-term measures.
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Answer:
When the new processes are developed for manufacturing it results in interest rate fluctuations. However, operational costs would become uncertain which would further affect the total production costs. Thus the value of an investment would be impacted. Automobile demand from the customers will also get affected. thus, fall in interest rate will have a significant and positive affect on the sale of automobiles as well as revenue.
Answer:
the material quantity variance is $1,350 unfavorable
Explanation:
The computation of the material quantity variance is given below:
Materials quantity variance is
= (Actual quantity × Standard price) - (Standard quantity × Standard price)
= (21,200 × $1.50) - [(2,900 × 7) × 1.5]
= $31,800 - $30,450
= $1,350 Unfavourable
Hence, the material quantity variance is $1,350 unfavorable
