-In the Above Table, the Average Product of the 3rd

question 211

Multiple Choice

-In the above table, the average product of the 3rd worker is

• A) 5.
• B) 4.
• C) 3.
• D) 12.

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Definitions:

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remains constant regardless of the volume of production, such as rent, property taxes, and salaries of permanent staff.

Cash Disbursements

Payments made in cash or cash equivalents, covering expenses, debts, or other financial obligations.

Direct Labor-Hours

A measure of the amount of time workers spend on a specific task or production process, directly associated with the manufacturing of a product.

Direct Labor Rate

The cost per hour for labor directly involved in the production of goods, not including the cost of materials.