The _____ Breaks Down Each Job into Basic Elements and Rates

question 22

Multiple Choice

The _____ breaks down each job into basic elements and rates each of the elements for its potential for harm or injury.

• A)technic of operations review
• B)domino analysis
• C)multilinear events sequencing
• D)change analysis
• E)job hazard analysis technique

---

Definitions:

Absorption Costing

This accounting practice involves adding all costs associated with production, including direct materials, labor, and both kinds of overhead expenses (variable and fixed), into the cost calculation of a product.

Unit Product Cost

The total cost (fixed and variable) associated with making one unit of product.

Fixed Manufacturing Overhead

Costs associated with the production process that do not vary with the level of output, such as salaries of managers or rent of the factory building.

Inventories

Materials, work in progress (WIP), and finished goods held by a company to enable production and meet customer demand.