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What is idle time variance?
Idle time variance refers to the difference between the actual idle time experienced by workers or machines and the expected or standard idle time established in a production plan. It is a measure used in cost accounting to assess the efficiency of resource utilization. A significant idle time variance may indicate issues such as equipment breakdowns, poor scheduling, or workforce inefficiencies, which can lead to increased operational costs. Analyzing idle time variance helps organizations identify areas for improvement to enhance productivity.
What is the definition of sexual variance?
The variance in the morphology and behavior of males and females.
When a coin is tossed four time then mean and variance of the number of the head?
Mean = 2. Variance = 1.
What difference between a favorable variance and an unfavorable variance?
Favourable variance is that variance which is good for business while unfavourable variance is bad for business
How do you calculate the mean and variance of a poisson distribution as a function of time t?
Divide the total number of incidents by the total time. The result, representing the average number of incidents per unit of time, is the mean as well as the variance of the Poisson distribution.
How do you identify the idle time variance?
Idle time variance is calculated by finding the difference between the actual idle time and the standard idle time, then multiplying the result by the standard rate for idle time. The formula is: Idle Time Variance = (Actual Idle Time - Standard Idle Time) x Standard Rate for Idle Time. This variance helps identify whether idle time was more or less than anticipated and its impact on costs.
What is the definition of sexual variance?
The variance in the morphology and behavior of males and females.
Is idle capacity variance due to an increase or decrease in the volume of production?
"http://wiki.answers.com/Q/Is_idle_capacity_variance_due_to_an_increase_or_decrease_in_the_volume_of_production" "http://wiki.answers.com/Q/Is_idle_capacity_variance_due_to_an_increase_or_decrease_in_the_volume_of_production"
When was Time Variance Authority created?
Time Variance Authority was created in 1986.
What is the definition of idle land?
the answer is fallow: cultivated land that is allowed to be idle
Variance in the rhythm of your heart?
It is the variance in time between each heartbeat. ECG, and blood pressure tests are often used to measure the variance in the rhythm of the heart.
When a coin is tossed four time then mean and variance of the number of the head?
Mean = 2. Variance = 1.
What is the best definition for the word undercurrent?
The best definition for the word undercurrent describes a move. Undercurrent is the tendency for a variance or underlying action that creates a change.
What is the definition of standard deviation and variance?
The set of X1, X2, ..., XN is called X. Given that mean(X), is the sum of all X divided by N, the variance of X is mean((Xi - mean(X))2). The standard deviation of X is the square root of the variance.
What is the definition of dissent civil rights?
hold or express opinions that are at variance with those previously, commonly, or officially expressed.
What is the definition of idle?
the definition of idle is 42.the answer to EVERYTHING is simply the number 42.I'm just kidding even though that's true o.Othe definition of idle is . . . . . . . . . . . . . . . . . . . . . . . . . Idle-disengaged to that power is not used if that doesn't answer your question, look it up for Cripe's sakeDUH'_'~Starkey~1. not working or active; unemployed; doing nothing: idle workers.2. not spent or filled with activity: idle hours.3. not in use or operation; not kept busy: idle machinery.4. habitually doing nothing or avoiding work; lazy.5. of no real worth, importance, or significance: idle talk.6. having no basis or reason; baseless; groundless: idle fears.7. frivolous; vain: idle pleasures.8. meaningless; senseless: idle threats.9. futile; unavailing: idle rage.Hope it helped
What is idle time and what are its causes?
Generally idle time means that time for which the employer pays, but from which he obtains no production. Otherwise it is the difference between the time for which workers are paid but the workers do not work. So it is a loss to the organisation. It can be minimized but, cannot be controlled during idle time, the workers remain due and contribute nothing towards production. It is the difference between actual hour and actual hour worked. There are two types of idle times:Normal idle time: The normal idle time is that idle time which cannot be fully avoided but effective effort should be made to reduce it.Abnormal idle time: Abnormal idle time arises due to various causes which can be avoided. Abnormal idle time can be avoided if proper precautions are taken. Thus the factors which are responsible for controlling and avoiding idle time must be taken care of.Normal idle time is permitted but abnormal idle time should be avoided.ANSWER:Idle time indicates that time for which wages are paid to the workers but no production is obtained during that time. Following are the causes of idle time:- Due to machine break down- Power failures- Waiting for instructions- Waiting for tools or raw materials to start the production- Economic Causes includes: Seasonal, cyclical or industrial naturethis is unproductive time spent by employees due to factors beyond their controlThe above explanation is true as far as an industry or business centre is concerned.The true definition of idle time is the time utilized for non productive action. This has of two effects. One is useful effect, as certain engines/machines/equipments are advised to run a particular time idle immediately after its first start of a day, before putting in to full pludged utilization. To attain certain safe operating condition an idle time running is essential. The second is counter productive idle time which financially, ethically, functionally and ideologically negative to its envisaged scope.
