Operations Management Flashcards
(5 cards)
1
Q
strategy map
A
Diagrams of the cause-and-effect relationships between strategic objectives.
2
Q
variable overhead spending variance
A
difference between the actual overhead rate and the standard overhead rate by the actual hours
3
Q
average collection period
A
average accounts receivable divided by average sales per day.
4
Q
Residual income
A
equal to division income minus the required rate of return.
5
Q
Quantity variances
A
actual quantity less standard quantity, multiplied by standard price:
