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What is the definition of the idle time variance?
machine breakdown, non ability material, illness
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.
What factors causes Budget Variance?
There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance
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 the idle time variance?
machine breakdown, non ability material, illness
Is idle capacity variance due to an increase or decrease in the volume of production?
Idle capacity variance is typically due to a decrease in the volume of production. When actual production falls short of the standard capacity, idle capacity variance occurs because resources are not being fully utilized.
When was Time Variance Authority created?
Time Variance Authority was created in 1986.
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 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
Avoidable and unavoidable idle time?
These terms are normally used in Cost Accounting. Idle time means the time for which labor is paid but no production is made.Avoidable idle time means the idle time which could be avoided by the management. For example due to shortage of raw material, due to insufficient job schedules.Unavoidable idle time means the idle time which could not be avoided by the management. For example due to sudden breakdown of machine, due to strike by suppliers causing shortage of raw material.Treatment:The cost of avoidable idle time becomes the part of indirect cost and the cost of avoidable idle time becomes the part of direct cost.
What is the difference between negative price variance and volume variance?
Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.
What are the variances in a 4 variance analysis?
efficiency variance, spending variance, production volume variance, variable and fixed components
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.
What is CPU idle time?
Time when your CPU(Central Processing Unit) is idle(not being used by any program).
