COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The number of output units that can be produced in a given time period
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The number of output units that can be marketed in a certain period of time
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The length of time it takes to produce a unit of output from the time the materials are received until the goods are sent to finished goods inventory
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The length of time it takes for inventory to be delivered to consumers
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Detailed explanation-1: -Cycle time refers to the number of hours or days it takes to manufacture a unit. Customers can see it since it also affects processes outside of manufacturing. Due to the fact that only production-related processes are included, only business management may see it.
Detailed explanation-2: -Cycle Time Definition Cycle Time is the amount of time a team spends actually working on producing an item, up until the product is ready for shipment. It is the time it takes to complete one task.
Detailed explanation-3: -1. Cycle time. As we previously mentioned, cycle time represents the amount of time it takes to complete one task, production, service, or process from start to finish. It’s the amount of time required to produce a product or service or complete an entire cycle.
Detailed explanation-4: -Supply chain cycle time is an all-encompassing metric measuring how long it would take to complete a customer’s order if all inventory levels were zero at the time the order was placed. This metric is the sum of the longest possible lead times for every stage of the supply chain cycle.
Detailed explanation-5: -The process time is the time a workpiece takes to enter and exit a workstation. Cycle time normally refers to the time it takes to work on a unit from start to finish.