XYZ Company Produces High Quality Widgets $\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr}$

question 35

Essay

XYZ Company produces high quality widgets. Three raw materials are converted into the finished product by two labor groups. Manufacturing overhead is applied to finished units based on direct labor hours. The following standards have been established for each widget produced: $\begin{array}{ll}\text { Raw material \#1 } & 50 \mathrm{lbs} . @ \$ 6.50 / \mathrm{lb} \\\text { Raw material \#2 } & 24 \mathrm{ft} . @ \$ 4.75 / \mathrm{ft} \\\text { Raw material \#3 } & 1 \text { container } @ \$ 16.00\\\\\text {Labor group} \# 1& 3\text { hrs} @ \$ 20.00/ \text { hr} \\\text {Labor group} \# 2 &1.5 \text { hrs} @ \$ 30.00 /\text { hr} \end{array}$

$\text { Manufacturing overhead } \$ 20.00 / \mathrm{dhr}$

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Definitions:

Classical

Relating to traditional concepts, styles, or methods that have been established over a long period.

Organizational Behavior

The study of how individuals and groups act within the constructs of an organization, and the impact these behaviors have on organizational functioning.

Intermittent Reinforcement

A conditioning schedule where a response is only sometimes reinforced, known to significantly increase the rate of response and resistance to extinction.

Continuous Reinforcement

A form of learning in which a behavior is reinforced every time it occurs, leading to rapid acquisition of the behavior.