The consumed time to deliver a complete order to its customers is termed as ___________?
Correct answer: C. delivery time
- A. responding time
- B. value chain time
- C. delivery time
- D. manufacturing cycle efficiency
Explanation
Delivery time is the elapsed time required to complete and deliver an order to the customer. Manufacturing cycle efficiency measures the proportion of production time that adds value, not the entire delivery period.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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