By Using Automation a Company, for Example, May Be Able

question 78

True/False

By using automation a company, for example, may be able to make a production line more efficient thereby increasing the labor demand since more work can be completed in less time.

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Definitions:

Cost System

A method for accumulating and allocating costs to products or services.

Direct Materials

Raw materials directly used in the manufacture of a product and can be easily traced to the finished product.

Variances

Differences between planned or expected financial performance and the actual outcome.

Kilos

A kilo or kilogram is a metric unit of mass equal to 1000 grams, used worldwide for measuring weight.