A Time-And-Motion Study Revealed That It Should Take 2 Hours

question 86

Multiple Choice

A time-and-motion study revealed that it should take 2 hours to produce a product that currently takes 6 hours to produce.Labour is $8 per hour.What are the value-added costs?

• A)$8
• B)$16
• C)$32
• D)$48

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Definitions:

Insurance

A financial product sold by insurance companies to safeguard against the risk of financial loss, covering various aspects such as health, property, and liability.

Check Register

A record of checks written, deposits made, and balances in a checking account, helping track financial transactions.

Company Deposits

The act of placing funds into a business account or the records of such transactions, often reflected in financial statements.

Delete Check

The action of removing or canceling a check entry from the accounting records, typically because of error or cancellation.