FINANCIAL MEASURES OF ACTIVITY EFFICIENCY
Assessing activity performance should reveal the current level of efficiency and the for increased efficiency. Both financial and non financial measures are used to reveal past performance and signal future potential gains in efficiency. Financial measures of activity performance are emphasized in this chapter, and non financial measures are discussed in Chapter 13. Financial measures of performance should provide specific information about the dollar effects of activity performance changes. Thus, financial measures should indicate both potential and actual savings. Financial measures of activity efficiency include (1) value-added and non-value-added activity costs, (2) trends in activity costs, (3) kaizen standard setting, (4) bench marking, (5) activity flexible budgeting, and (6) activity capacity management
FINANCIAL MEASURES OF ACTIVITY EFFICIENCY Assessing activity performance should reveal the current level of efficiency and the for increased efficiency. Both financial and non financial measures are used to reveal past performance and signal future potential gains in efficiency. Financial measures of activity performance are emphasized in this chapter, and non financial measures are discussed in Chapter 13. Financial measures of performance should provide specific information about the dollar effects of activity performance changes. Thus, financial measures should indicate both potential and actual savings. Financial measures of activity efficiency include (1) value-added and non-value-added activity costs, (2) trends in activity costs, (3) kaizen standard setting, (4) bench marking, (5) activity flexible budgeting, and (6) activity capacity management
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