Abby and Annie Must Make a Fair Division of Four

question 32

Essay

Abby and Annie must make a fair division of four objects inherited from their grandmother. If Abby and Annie use the adjusted winner procedure, what is the division of the objects? $\begin{array}{lcc}\text { Object}&\text { Abby's}&\text { Annie's points}\\&\text { points }\\\text { Brass bed } & 30 & 45 \\\text { Cedar chest } & 50 & 10 \\\text { Hand-sewn quilt } & 15 & 25 \\\text { Photo albums } & 5 & 20\end{array}$

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Definitions:

Fixed Manufacturing Overhead

Costs that remain constant regardless of the level of production or sales volume, such as salaries of supervisors and rent for factory premises.

Fixed Manufacturing Overhead

Indirect manufacturing costs that remain relatively constant regardless of the volume of production, including costs like factory rent, salaries of supervisors, and depreciation of factory equipment.

Direct Labor

The cost of wages for labor directly involved in the production of goods or services.

Raw Material

Basic materials and substances used in the initial stages of production to create goods and services.