answersLogoWhite
Statistics
Transportation and Logistics
Time Zones

How do you identify the idle time variance?

123

Top Answer
User Avatar
Wiki User
Answered
2010-11-10 17:40:53
2010-11-10 17:40:53

Idle time variance is a difference between budgeted hour for work and actual worked hours multiplied by the standard wage rate.

001
๐Ÿฆƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
1

Related Questions


machine breakdown, non ability material, illness


Time Variance Authority was created in 1986.


It is the variance in time between each heartbeat. ECG, and blood pressure tests are often used to measure the variance in the rhythm of the heart.



First we need to calculate within and between family variance components for half sib families. Additive variance is equal to 4 time the additive variance and Dominance variance equal to within family variance - (3/4) additive variance.


"http://wiki.answers.com/Q/Is_idle_capacity_variance_due_to_an_increase_or_decrease_in_the_volume_of_production" "http://wiki.answers.com/Q/Is_idle_capacity_variance_due_to_an_increase_or_decrease_in_the_volume_of_production"


Favourable variance is that variance which is good for business while unfavourable variance is bad for business


Negative price variance is when the cost is less than budgeted. Volume variance is a variance in the volume produce.


efficiency variance, spending variance, production volume variance, variable and fixed components


There are 7 variances associated with a budget ( which are generally calculated for controlling purposes) 1- Material Price variance 2- Material Quantity variance 3- Labor rate variance 4- Labor efficiency variance 5- Spending variance 6- Efficiency variance 7- Capacity variance


Time when your CPU(Central Processing Unit) is idle(not being used by any program).


Generally idle time means that time for which the employer pays, but from which he obtains no production. Otherwise it is the difference between the time for which workers are paid but the workers do not work. So it is a loss to the organisation. It can be minimized but, cannot be controlled during idle time, the workers remain due and contribute nothing towards production. It is the difference between actual hour and actual hour worked. There are two types of idle times:Normal idle time: The normal idle time is that idle time which cannot be fully avoided but effective effort should be made to reduce it.Abnormal idle time: Abnormal idle time arises due to various causes which can be avoided. Abnormal idle time can be avoided if proper precautions are taken. Thus the factors which are responsible for controlling and avoiding idle time must be taken care of.Normal idle time is permitted but abnormal idle time should be avoided.ANSWER:Idle time indicates that time for which wages are paid to the workers but no production is obtained during that time. Following are the causes of idle time:- Due to machine break down- Power failures- Waiting for instructions- Waiting for tools or raw materials to start the production- Economic Causes includes: Seasonal, cyclical or industrial naturethis is unproductive time spent by employees due to factors beyond their controlThe above explanation is true as far as an industry or business centre is concerned.The true definition of idle time is the time utilized for non productive action. This has of two effects. One is useful effect, as certain engines/machines/equipments are advised to run a particular time idle immediately after its first start of a day, before putting in to full pludged utilization. To attain certain safe operating condition an idle time running is essential. The second is counter productive idle time which financially, ethically, functionally and ideologically negative to its envisaged scope.


Divide the total number of incidents by the total time. The result, representing the average number of incidents per unit of time, is the mean as well as the variance of the Poisson distribution.


A single number cannot have a variance.A single number cannot have a variance.A single number cannot have a variance.A single number cannot have a variance.


idle means when Ur not using the computer or moving your mouse


Idle status means that your not spending time using the program.


Since Variance is the average of the squared distanced from the mean, Variance must be a non negative number.


The unaccounted for variance aka Error Variance, is the amount of variance of the dependent variable (DV) that is not accounted for by the main effects/independent variables (IV) and their interactions.


Describe a time when you had to identify a customer's need


Yes. If the variance is less than 1, the standard deviation will be greater that the variance. For example, if the variance is 0.5, the standard deviation is sqrt(0.5) or 0.707.


Pooled variance is a method for estimating variance given several different samples taken in different circumstances where the mean may vary between samples but the true variance (equivalently, precision) is assumed to remain the same. A combined variance is a method for estimating variance from several samples, given the size, mean and standard deviation of each. Mathematically, a combined variance is equal to the calculated variance of the set of the data from all samples. See links.


The variance is: 7,991.58333333


The variance for 54 and 29 is: 312.5


The variance is: 1.6709957376e+13




Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.