Use the Following to Answer Questions

question 191

Multiple Choice

Use the following to answer questions :
-(Table: The Production Possibilities for Tractors and Crude Oil) Look at the table The Production Possibilities for Tractors and Crude Oil. Both the United States and Mexico will gain from trade if one tractor trades for _____ barrels of crude oil.

• A)5,000
• B)4,000
• C)1,000
• D)200

---

Definitions:

Direct Labour Hours

The cumulative hours employees spend that are directly linked to the manufacturing of goods or the provision of services.

T Accounts

T accounts are a visual aid in accounting to represent general ledger accounts, showing debits on the left side and credits on the right, to track financial transactions.

Direct Labour Cost

The total expense incurred by a company for the wages of the workforce directly involved in manufacturing or producing goods.

Sales Salaries Expense

The total cost associated with compensating the sales force, including wages, commissions, and bonuses.