A Useful Way to Measure the Productivity of a Workforce

question 99

Multiple Choice

A useful way to measure the productivity of a workforce is:

• A) to determine the total cost of people required for each unit of output.
• B) to determine the total cost of people required for an output of 100 units.
• C) to determine the total cost of people required to complete a day's worth of work.
• D) to determine the total cost of people required to complete a year's worth of work.

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Definitions:

Schedule of Cost

A detailed report summarizing the various components of cost involved in producing a product or delivering a service.

Job-Order Costing

A costing method used to accumulate costs associated with a specific batch of products, where each job (or batch) is treated as a separate cost unit.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, quality control, and maintenance expenses.

Cost of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials, labor, and manufacturing overhead.