Engineering Change Orders, Equipment Maintenance, and Product Development Costs Are

question 14

Multiple Choice

Engineering change orders, equipment maintenance, and product development costs are examples of:

• A)Unit costs.
• B)Batch costs.
• C)Product-level costs.
• D)Facility-level costs.
• E)Unit, batch, and customer-sustaining costs, respectively.

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Definitions:

Anticipated Annual Incremental

Expected yearly increases in revenue or benefits as a result of a particular action or investment, not considering future inflation or changes in currency value.

Salvage Value

The anticipated market value of an asset after its period of utility has ended.

Payback Period

The duration required for an investment to produce income or cash flow that matches the investment's initial cost.

Incremental Net

The net change in financial outcomes resulting from a particular decision or action, considering only the relevant costs and benefits.