Bob Is a Quality Inspector on the Assembly Line of a Manufacturing

question 13

Multiple Choice

Bob is a quality inspector on the assembly line of a manufacturing company.He is paid $16 per hour for regular time and time and a half for all work in excess of 40 hours per week.He is classified as a direct labor worker.
-Bob works 48 hours in a given week but is idle for 4 hours during the week due to equipment breakdowns.The allocation of Bob's wages for the week between direct labor cost and manufacturing overhead cost would be:

• A)Choice A
• B)Choice B
• C)Choice C
• D)Choice D

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Definitions:

HHI

Herfindahl-Hirschman Index, a measure of market concentration to assess the level of competition among firms.

Herfindahl-Hirschman Index

An economic indicator used to evaluate the level of competition within an industry by measuring the concentration of market share held by the largest firms.

Proposed Merger

A plan or offer for two or more entities to combine their operations, resources, and managerial activities into a single unit.

Industry Concentration

Industry concentration is a measure of the extent to which a small number of firms dominate the total production, sales, or market share in a particular industry, often analyzed through concentration ratios or the Herfindahl-Hirschman Index (HHI).