Use the Table Below to Answer the Following Questions

question 59

Multiple Choice

use the Table below to answer the following questions :

-Given an eight-hour workday,which statement best describes the absolute advantage evident in the table?

• A) Jay-Z has an absolute advantage in making pizzas,and Solange has an absolute advantage in making cheesesteaks.
• B) Solange has an absolute advantage in making pizzas,and Jay-Z has an absolute advantage in making cheesesteaks.
• C) Jay-Z has an absolute advantage in the production of both foods.
• D) Solange has an absolute advantage in the production of both foods.
• E) Neither party has an absolute advantage.

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Definitions:

Cost

The amount of money that needs to be spent to acquire, produce, complete, or maintain something.

Absorption Costing

An accounting method that includes all direct costs and allotted indirect costs associated with manufacturing a product.

Ending Inventory

The total value of goods available for sale at the end of an accounting period.

Manufacturing Costs

Manufacturing costs encompass all expenses directly involved in the production of a good, including raw materials, labor, and factory overhead.