Answer:
The given costs and classification are;
Cost 
Classification
a. Automobile engine Direct Material cost
b. Brake pads Direct Material cost
c. Depreciation of robotic assembly line equipment Factory overhead cost
d. Glass for front and rear windshields Direct Material cost
e. Safety helmets and masks for assembly line workers Factory overhead cost
f. Salary of quality control inspector Factory overhead cost
g. Steering wheel Direct Material cost
h. Tires Direct Material cost
i. Wages of assembly line workers Direct labor cost
Explanation:
Direct material cost is the total cost of the materials with which the product is manufactured
Direct labor costs are the total cost of the wages and salaries which the workers directly involved in the production of the goods or the rendering of the service receive
Factory overhead is the operational cost of the production facility that are not directly related to the output or produced materials. Factor overhead are all the other costs excluding the direct labor and material costs.
I've worked hard in my education and now I'm ready to apply my knowledge into practice. While I don't have any real-life work experience, I've had a lot of exposure to the business environment. A lot of my courses involved working with real companies to solve real problems
Answer:
C. $9,134
Explanation:
Product Pounds Price/Ib Total Value
Loin chops 3,080 $5.40 $16,632
Ground 10,200 $2.20 $22,440
Ribs 4,120 $5.05 $20,806
Bacon 6,160 $3.70 $<u>22,792</u>
$<u>82,670</u>
The Total Joint cost = $45,400
Hence Joint cost to Lopin chops = $45,400 * $16,632 / $82,670
Joint cost to Lopin chops = $9,134
Answer:
Option D Economies of Scale.
Explanation:
The reason is that now he is able to control the costs due to his bulk production which brings economies of scale. This economies of scale is due to bulk production and increased bargaining power. The supplier don't want you to leave him and so restrain you to go he gives you additional benefits in the shape of bulk discounts. This bulk discounts helps you to keep the cost as low as possible and decrease the cost to add a competitive advantage to win the market. So the right option here is economies of scale.
Answer:
b. Moral hazard
Explanation:
Joe has Moral hazard problem because he feels that he is protected in some way from risk, thereby acting differently than when he didn't have the insurance protection.
