Answer the Following Questions Using the Information Below:
Genent's Engine

question 13

Multiple Choice

Answer the following questions using the information below:
Genent's Engine Company manufactures part TE456 used in several of its engine models. Monthly production costs for 1,000 units are as follows:
$\begin{array}{lr}\text { Direct materials } & \$ 46,000 \\\text { Direct labor } & 11,500 \\\text { Variable overhead costs } & 34,500 \\\text { Fixed overhead costs } & 23,000 \\\quad \text { Total costs } & \$ 115,000\end{array}$ It is estimated that 8% of the fixed overhead costs assigned to TE456 will no longer be incurred if the company purchases TE456 from the outside supplier. Genent's Engine Company has the option of purchasing the part from an outside supplier at $97.75 per unit.
-If Genent's Engine Company accepts the offer from the outside supplier,the monthly avoidable costs (costs that will no longer be incurred) total ________.

• A) $93,840
• B) $92,000
• C) $115,000
• D) $116,840

Understand the concept and utility of descriptive statistics in summarizing data.

Grasp the role and importance of inferential statistics in research.

Identify the influence of sampling and methodological biases on research validity.

Recognize various types of biases and their impact on research outcomes.

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Definitions:

Third Country

A country that is neither the parent country nor the host country of an employer.

Third-Country National

An individual employed by a company who is neither a citizen of the country where the company is headquartered nor of the country where they are working.

Host-Country National

An individual who is a citizen of the country in which a foreign subsidiary or company operates.

Parent-Country National

An individual who is employed by an organization or corporation in their home country and is working in another country where the organization operates.