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Kamila [148]
3 years ago
13

Insurance that pays the mortgage of someone who dies, so that his survivers dont have to pay it

Business
1 answer:
Oksanka [162]3 years ago
5 0
The type or kind of insurance that is being described here, would be life insurance, I believe.
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Match these statements with the appropriate reasoning fallacy below: Killing people is wrong, so the death penalty is wrong! How
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Christine Benninger as President of the Humane Society is facing many challenges. To be successful she will need to use her infl
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Jared can play three musical instruments; he loves drawing, painting, and other visual arts as well. Jared can work in groups at
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3 years ago
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Estimate the nonvalue-added cost for each situation. a. A manual insertion process takes 30 minutes and 8 pounds of material to
Viktor [21]

Answer:

Estimation of the non-value-added Cost:

a) Cost of automating the insertion process:

Machine time cost = 15/60 x $8 = $2

Material cost = 7.5 x $10 = $75

Total automation cost = $77

b) Cost of redesigning the gear:

Cost per setup hour = $50 x25% = $12.50

c) Movement cost:

Cost for movement = $20 x 6 = $120

d) Inspection cost:

Cost of inspection = 16,000 x $12 = $192,000

Explanation:

Non-Value Added activities, according to goleansixsigma.com, "are the process steps that do not meet one or more of the following criteria: 1) The step transforms the item toward completion (something changes).  2) The step is done right the first time (not a rework step).  3) The customer cares (or would pay) for the step to be done."

A non-value-added cost is a production expense that does not increase the amount customers are willing to pay for the finished product.  Examples are inspection cost, movement cost, and automation cost.

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3 years ago
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