Table 19-4 Rob Crusoe and Bill Friday Spent Their Week-Long Vacation on

question 363

Multiple Choice

Table 19-4
$\begin{array}{|c|c|c|} \hline & \text { Berries } & \text { Fish } \\\hline \text { Rob } & 20 & 80 \\\hline \text { Bill } & 30 & 60\\\hline \end{array}$ Rob Crusoe and Bill Friday spent their week-long vacation on a desert island where they had to find and prepare their own food. Rob and Bill spent one day each fishing and picking berries. The table lists the pounds of output Rob and Bill produced.
-Refer to Table 19-4.Use the table above to select the statement that accurately interprets the data in the table.

• A) Bill has a comparative advantage in catching fish.
• B) Rob has a comparative advantage in picking berries.
• C) Rob has a comparative advantage in catching fish and picking berries.
• D) Bill has a comparative advantage in picking berries.

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Definitions:

Ending Inventories

Ending inventories refer to the final amount of goods available for sale or use at the end of an accounting period.

Direct Labor Budget

A financial plan that estimates the cost of direct labor needed to meet production needs within a specific timeframe.

Direct Labor-Hour

A measure of the amount of time workers spend directly working on manufacturing a product or providing a service.

Labor Rate

The cost per hour that a company pays for labor, often used in calculating the total labor cost of a project or production.