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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 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.


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


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.


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 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