Assume That a Value Stream in Elite Company Has Two

question 95

Multiple Choice

Assume that a value stream in Elite Company has two products with material costs of $40,000 and $80,000 for a given week.The conversion costs for the week amounted to $360,000.The units produced for the first product are 21,000 with 20,000 shipped to customers.For the second product, 40,000 units were produced and shipped.Calculate the cost per unit for the first product.(Note: Round to two decimal places.)

• A) $9.00 per unit
• B) $6.00 per unit
• C) $8.00 per unit
• D) $3.00 per unit

Understand the role and formation of behavioral and cognitive objectives in the learning process.

Comprehend how learner assessment influences teaching strategies and content.

Realize the importance of evaluation in reinforcing learning.

Apply the concept of the whole learning environment in teaching.

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Definitions:

Marginal Product

The additional output gained from employing one more unit of a particular input while keeping other inputs constant.

Marginal Revenue Product

The supplementary earnings derived from utilizing an extra unit of a resource, like labor or capital.

Variable Resource

Inputs or resources used in production that change in amount with the level of output, such as labor or raw materials.

Unskilled Labor

Labor that requires no specialized skills, education, or training.