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ValentinkaMS [17]
3 years ago
10

Indicate whether each of the following cost of an automobile manufacturer would be classified as direct materials, direct labor,

or manufacturing overhead.
(a) ___ Windshield
(b) ___ Engine
(c) ___ Wages of assembly line worker
(d) ___ Depreciation of factory machinery
(e) ___ Factory Machinery lubricants
(f) ___ Tires
(g) ___ Steering wheel
(h) ___ Salary of painting supervisor
Business
1 answer:
CaHeK987 [17]3 years ago
7 0

Answer:

a) DM Windshield

(b) DM Engine

(c) DL Wages of assembly line worker

(d) MO Depreciation of factory machinery

(e) MO Factory Machinery lubricants

(f) DM Tires

(g) DL Steering wheel

(h) MO Salary of painting supervisor

Explanation:

Direct materials (DM) are those materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product.

Direct labor (DL) is production or services labor that is assigned to a specific product, cost center, or work order.

Manufacturing overhead (MO) is all indirect costs incurred during the production process.

(a) DM Windshield

(b) DM Engine

(c) DL Wages of assembly line worker

(d) MO Depreciation of factory machinery

(e) MO Factory Machinery lubricants

(f) DM Tires

(g) DL Steering wheel

(h) MO Salary of painting supervisor

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Maksim231197 [3]

Answer:

Virtual organization

Explanation:

A virtual organization or the business is the one which is defined as whose members are apart geographically, generally working through computer e- mail as well as groupware when appearing to others which is to be unified, single company with the real location physically.

In short, it is the permanent or temporary collection of the geographically dispersed groups, company, entire or individual units which ground on the electronic linking so that to complete the process of production.

So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

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2 years ago
When Larry purchased a Jet Ski personal watercraft for $4,999, he was also given free financing and three hours of free lessons
stellarik [79]

Answer:

Value added

Explanation:

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Higher the value of add, higher will be the charges of product and higher will be the revenue collected.

4 0
3 years ago
Match each economic scenario with the correct economic term.
kkurt [141]

Answer:

The answer is:

1 - Underutilization

2 - Efficiency

3 - Unattainability

Explanation:

Efficiency in economics means a situation in which all resources are optimally distributed to serve each entity in the best way while minimizing waste and inefficiency.

Underutilization in economics is also a a situation in which lesser resources are being utilized than the economy is capable of utilizing.

Unattainability is a situation in which what one to accomplish or achieve is not possible.

1 - Underutilization

2 - Efficiency

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6 0
3 years ago
Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C = 200
irga5000 [103]

Answer:

1. 20 units

2. $600

Explanation:

1. C = 200 + 2q^{2}

MC = 4q

Price, P = $80

For maximizing profits,

Marginal cost =  Price of the commodity

4q = 80

q = 20 units

C = 200 + 2q^{2}

C = 200 + 2(20)^{2}

         = 200 + 800

         = 1,000

2. Profit = Total revenue - Total cost

             = (Price × Quantity) - TC

             = (80 × 20) - $1,000

             = $1,600 - $1,000

             = $600

3. We know that the firm in the short run will be produce at a point where total revenue is greater than the total variable cost

Average variable cost = variable cost ÷ quantity

                              =\frac{2Q^{2}}{Q}

                                     = 2Q

MC = 4Q

Here,  MC is greater than AVC at any given point.

so in the short run firm will producing short run positive profit.

4 0
3 years ago
Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000. It was discovered that the entire batch was finis
Law Incorporation [45]

Answer:

b) The $355,000 manufacturing cost of the tables already incurred.

Explanation:

The Business has already incurred this expense in making the coffee tables, this can not be done. Therefore, it does not make sense to consider this when considering whether to complete the

Tables, or sell them as they now are

All other points contribute either directly or indirectly to the decision that the company is about to take in this regard.

So, the correct answer is b

7 0
3 years ago
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