A Manual Process Takes 20 Minutes of Direct Labor Time

question 75

Multiple Choice

A manual process takes 20 minutes of direct labor time and 8 pounds of material to produce a product.Automating the process requires 16 minutes of machine time and 6 pounds of material.The cost per labor hour is $10, the cost per machine hour is $8, and the cost per pound of materials is $12. Find the nonvalue-added cost for the given situation.(Note: Round all calculations and the answer to two decimal places.)

• A) $22.40 per unit
• B) $9.00 per unit
• C) $25.20 per unit
• D) $1.70 per unit

Grasp the principles of logic control and how PLCs execute logic operations.

Analyze and interpret PLC wiring diagrams and schematics.

Understand the importance and methods of programming PLCs.

Identify the significance of input and output devices in a PLC system.

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Definitions:

Internal Rate

NO. However, closely related term Internal Rate of Return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments.

Present Value

The value today of a sum promised at a specified time in the future given a rate of interest. The amount that would have to be deposited today at the specified interest rate to grow into the promised sum on the specified date.

Cash Inflows

Money or funds coming into a business from various sources, including sales, investments, financing, and operational activities.

Reinvestment Assumptions

Reinvestment assumptions pertain to the conditions under which profits or returns from an investment are assumed to be reinvested to generate additional earnings.