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natta225 [31]
3 years ago
5

In this type of layout, machines and equipment, materials and people are brought next to the product as they are needed. What ty

pe of layout is it? Multiple Choice process. batch. mass. fixed-position.
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
8 0

Answer:

Fixed-position.

Explanation:

In fixed-position layout,machines and equipment, materials and people are brought next to the product as they are needed. Fixed-position layout can be best defined as the layout in which product stays absolutely stationary and workers come to the product to build it along with all the machines, equipment and materials needed to build them. It is ideal for the product which are quite heavy and hard to move around or too fragile where moving them can cause them damage. One big advantage of using this method is its low fixed costs and it also being avoided by many manufacturers because of its high variables costs as well.

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i like ya cut g

Explanation:

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3 years ago
If a purely competitive firm is currently facing a situation where the price of its product is lower than the average variable c
Daniel [21]

Answer: B) the firm will shut down in the short run, but stay in the industry in the long run if it expects the product price to rise high enough soon.

Explanation:

If a purely competitive firm is currently facing a situation where the price of its product is lower than the average variable cost, but it believes that the market demand for its product will increase soon, then the firm will shut down in the short run, but stay in the industry in the long run if it expects the product price to rise high enough soon.

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Read 2 more answers
Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit
denis-greek [22]

Answer:

Sound Audio

Yes.  This loss should be accrued.

Explanation:

Accruing the loss contingency gives the readers of the financial statements an early warning of the probable existence of a future loss.  A loss contingency arises from a probable future event, which gives rise to an adverse outcome from a lawsuit.  Since the cost of the loss can be reasonably estimated and the product recall is virtually certain, it is prudent for Sound Audio to provide for this loss in its December 2021 financial statements.

3 0
2 years ago
True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.
SIZIF [17.4K]

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

8 0
3 years ago
Material and Labor Variances The following actual and standard cost data for direct material and direct labor relate to the prod
Damm [24]

Answer:

Materials:

price     800U

quantity 510 F

Labor:

rate          1,860 F

efficiency 1,740 U

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost           $5.10

actual cost  $5.30

quantity          4,000

(5.1 - 5.3) \times 4,000 = DM \: price \: variance

price variance  $(800.00)

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity 4000.00

actual quantity 3900.00

std cost  $5.10

(4,000 - 3,900) \times 5.1 = DM \: quantity \: variance

quantity variance  $510.00

DIRECT LABOR VARIANCES

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

std rate  $8.70

actual rate  $8.40

actual hours 6,200

(8.7 - 8.4) \times 6,200 = DL \: rate \: variance

rate variance  $1,860.00

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

std  hours 6000.00

actual hours 6200.00

std rate  $8.70

(6,000 - 6,200) \times 8.70 = DL \: efficiency \: variance

efficiency variance  $(1,740.00)

4 0
3 years ago
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