Three nonfinancial performance measures and definitions follow. Match the appropriate definition to each nonfinancial performance measure. Why
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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
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Managerial Accounting Information For Decisions
ISBN: 9780324222432
4th Edition
Authors: Thomas L. Albright , Robert W. Ingram, John S. Hill
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