Big dictionary of business and management. 2014.
budgeted capacity — normal capacity The productive capacity available in an organization for a budget period as expressed in the budget for that period. It may be expressed in terms of direct labour hours, machine hours, or standard hours … Accounting dictionary
capacity — system capacity The highest sustainable output from an operating system in units per given time. A system s overall capacity is determined by the capacity of its narrowest part, i. e. the bottleneck. For example, if a car assembly line can… … Big dictionary of business and management
capacity — The level of productive capacity that an organization can attain under particular circumstances. It may be expressed in terms of direct labour hours, machine hours, or standard hours. See also: budgeted capacity, idle capacity … Accounting dictionary
fixed overhead capacity variance — capacity usage variance; = idle capacity variance In a system of standard costing, the difference arising between the actual hours worked and the budgeted capacity available, valued at the standard fixed overhead absorption rate per hour. It can… … Accounting dictionary
idle capacity — The part of the budgeted capacity within an organization that is unused. It is measured in hours using the same measure as production. Idle capacity can arise as a result of a number of causes in all of which the actual hours worked is less than… … Accounting dictionary
idle capacity — The part of the budgeted capacity within an organization that is unused. It is measured in hours using the same measure as production. Idle capacity can arise as a result of a number of causes in all of which the actual hours worked is less than… … Big dictionary of business and management
normal capacity — See: budgeted capacity … Accounting dictionary
idle capacity ratio — The ratio, sometimes expressed as a percentage, of the production capacity idle during a specified period to the capacity as expressed in the budget. Capacity can be measured in machine hours or labour hours and idle capacity is measured in the… … Accounting dictionary
Hillcrest Youth Correctional Facility — is a state run juvenile correctional facility located in Salem, Oregon, United States. Hillcrest is run by the Oregon Youth Authority (OYA), Oregon s juvenile corrections agency. Currently Hillcrest serves males ages 12–25 who are violent or in… … Wikipedia
Production Volume Variance — The amount of fixed overhead costs that are not allocated to a product because actual production varies from budgeted production. Also known as fixed overhead volume variance. Mathematically, production volume variance is expressed as: (Actual… … Investment dictionary
