In Order to Reduce Costs So as to Reach the Desired

question 14

Multiple Choice

In order to reduce costs so as to reach the desired target cost,Quality Chairs should also focus on reducing the cost of:

• A)Direct materials.
• B)Direct labor.
• C)Machine setups.
• D)Mechanical assembly.
• Materials,machine hours and finish/pack are all under budget;labor hours are over budget.

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Definitions:

Consideration

A value promised in a contract that each party agrees to exchange, which is necessary for a valid agreement.

Liquidated Debts

Debts for which the amount owed is known and agreed upon by all parties involved.

Unliquidated Debts

Unliquidated debts refer to obligations or claims for which the exact monetary value has not been determined, often pending further assessment or legal resolution.

Technical Consideration

Specific technical factors or details that are taken into account in the assessment or development of a project, product, or system.