At the Beginning of the Current Year,Peters Company Installed a JIT

question 11

Multiple Choice

At the beginning of the current year,Peters Company installed a JIT purchasing and manufacturing system.The following information has been gathered about one of the company's products: $$\begin{array} { l r } \text { Theoretical annal capacity } & 2,000 \\\text { Actual production } & 1,800 \\\text { Production hours available } & 500 \\\text { Actual conversion cost per hour } & \$ 7\end{array}$$
- What is the ideal conversion cost per unit?

• A)$0.9 per unit.
• B)$1.75 per unit.
• C)$25.50 per unit.
• D)$28 per unit.

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Definitions:

Neural Basis

Neural basis pertains to the underlying neurological structures and functions that support cognitive processes, behaviors, and emotions.

Rehearsal

A cognitive process in which information is repeated over and over as a possible way of learning and remembering it.

Stress Hormones

Chemicals released in the body in response to stress, such as cortisol and epinephrine, that prepare the body for a fight or flight response.

Long-Term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from stimulating them synchronously, often considered one of the major cellular mechanisms that underlies learning and memory.