Three nonfinancial performance measures and definitions follow. Match the appropriate definition to each nonfinancial performance measure. Why

Question:

Three nonfinancial performance measures and definitions follow. Match the appropriate definition to each nonfinancial performance measure. Why is gaining an understanding of these measures important?

\section*{Nonfinancial performance measures}

1. Cycle time 2. Production rate 3. Throughput

\section*{Definition}

a. The number of units completed by a process in a given period of time

b. The number of units completed by a process

c. Total time required to move a unit from raw materials inventory to finished goods inventory

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting Information For Decisions

ISBN: 9780324222432

4th Edition

Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill

Question Posted: