Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
Answer:C.overreliance on volume as a basis for allocating overhead costs where products differ regarding the number of units produced, lot size, or complexity ofproduction.
Direct materials and direct labor are each manufacturing prices.
Production is the production of goods through the use of labor, machinery, equipment, and biological or chemical processing or components.
As an example, bakeries, sweet stores, and custom tailors are taken into consideration in manufacturing, because they invent merchandise out of additives. alternatively, logging and mining are not considered production, because they do not change the best into a brand new product.
Production of goods in big quantities after processing from raw materials to more treasured merchandise is referred to as production. example: Paper is a product of wood, sugar from sugarcane, iron and metallic from iron ore, and aluminum from bauxite. number one goods are manufactured and emerge as completed goods.
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Answer:
Hi you haven't provided the options to the question so I will just give the answer in my own words and you can check with the options.
Answer is ASSIGNABLE VARIATION.
Explanation:
Variation is a lack of consistency. It can introduce waste and errors into a process, for example, a manufacturing process.
There are two sources of variation which are:
1. Natural variations: are random variations that are expected and are a part of almost every production process which results from a number of chance causes.
2. Assignable variations: are trend factors that can be traced to a specific reason, such as machine tear, fatigued workers or untrained workers, flawed principles, equipment that is not properly adjusted or calibrated, or raw material problems.
According to the question, a machine was not properly set-up/calibrated which caused a wide variation of quality of the products it produced. Since the cause (improper setup/calibration) can be traced to a specific reason, therefore, the type of variation is an example of ASSIGNABLE VARIATIONS.
