A Hair Dryer Has a Mean Time Between Failures of 822

question 6

Multiple Choice

A hair dryer has a mean time between failures of 822 hours and mean time to repair of 1 hour.In this case,the availability is ______.

• A)99.9%
• B)93.6%
• C)87.3%
• D)98.1%

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Definitions:

Product Costs

Costs that are incurred to acquire or manufacture a product, which typically include direct materials, direct labor, and manufacturing overhead.

Direct Labor

The cost of wages for employees who are directly involved in the production of goods or services.

Direct Materials

Refers to the raw materials that are directly incorporated into a finished product during the manufacturing process.

Overhead Costs

Expenses related to the day-to-day running of a business that are not directly linked to a specific product or service, such as rent, utilities, and administrative expenses.