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24 Results for Tag: materials

Yield Variance

Yield Variance What is 'Yield Variance' Yield variance is the difference between actual output and standard output of a production or manufacturing process, based on standard inputs of mat

Implicit Rental Rate

Implicit Rental Rate What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing operations instead of other alternative uses.

Manufacturing Cells

DefinitionCellular manufacturing is a process of manufacturing which is a subsection of just-in-time manufacturing and lean manufacturing encompassing group technology. The goal of cellular

Manager Of Managers (MOM)

Manager Of Managers (MOM) What is 'Manager Of Managers - MOM' A class of financial intermediary that hires professional investment managers to oversee aspects of a client's investment fund

Manufacturing Production

Manufacturing Production What is 'Manufacturing Production' Manufacturing production is the creation and assembly of components and finished products for sale. Three common types of manufa

Manual Execution

Manual Execution What is 'Manual Execution' A method of trading with the help of a dealer or broker, versus trading automatically. Manual executions tend to be slower than automatic ones,

Absorption Costing

DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just the costs of materials and labour

Abnormal Spoilage

Abnormal Spoilage What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be the result of broken machine

Absorbed Cost

Absorbed Cost What is 'Absorbed Cost' The indirect costs that are associated with manufacturing. Absorbed costs include such expenses as insurance, or property taxes for the building in wh

Sales Mix Variance

Sales Mix Variance What is the 'Sales Mix Variance' Sales mix variance is the difference between a company’s budgeted sales mix and the actual sales mix that the firm sells to customers.
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