Manufacturability and Value Engineering Has All of the Following Benefits

question 126

Multiple Choice

Manufacturability and Value Engineering has all of the following benefits except

• A) reduced complexity of the product.
• B) reduction of environmental impact.
• C) less standardization of components.
• D) robust design.
• E) improved job design and safety.

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Definitions:

Direct Labor Time Variance

The cost associated with the difference between the actual hours and the standard hours of direct labor spent producing a commodity multiplied by the standard direct labor rate per hour.

Actual Costs

The real costs incurred in the production of goods or providing services, as opposed to estimated or standard costs.

Standard Costs

Standard costs are predetermined costs to manufacture a single unit or a number of units of a product during a specific period under current or anticipated conditions.

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (standard) cost of those materials.