Use the Table Below to Answer the Following Questions

question 93

Multiple Choice

Use the table below to answer the following questions.
Table 10.2.2
-Refer to Table 10.2.2 which gives Rob's Repair Shop's total product schedule.The marginal product when the number of workers increases from 2 to 3 is

• A)1 repair.
• B)2 repairs.
• C)3 repairs.
• D)4 repairs.
• E)3.75 repairs.

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Definitions:

Cost Drivers

Factors that cause a change in the cost of an activity, such as machine-hours, labor-hours, or quantity of materials.

Activity Variances

Differences between planned and actual costs arising from changes in activity levels in various cost centers within a business.

Cost Drivers

Factors that cause a change in the cost of an activity, used to assign overhead costs in activity-based costing systems.

Vocational School

An educational institution that provides specialized training and education targeted toward particular careers or trades.