COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is meant by Velocity
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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 number of output units that can be marketed in a certain period of time
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The length of time it takes for inventory to be delivered to consumers
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The number of output units that can be produced in a given time period
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Explanation:
Detailed explanation-1: -Production rate, in terms of manufacturing, refers to the number of goods that can be produced during a given period of time. Alternatively, the production rate is also the amount of time it takes to produce one unit of a good.
Detailed explanation-2: -Sales volume is defined as the number of units sold during a specific accounting period, such as per month, or per year.
Detailed explanation-3: -Therefore, velocity is expressed in metres/second or m/s. The SI unit of velocity is metre per second (m/s). Alternatively, the velocity magnitude can also be expressed in centimetres per second (cm/s).
Detailed explanation-4: -Solution : (a) ‘km h^(-2)‘ is not a unit of velocity .
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