Refer to the Information Provided in Table 6

question 72

Multiple Choice

Refer to the information provided in Table 6.4 below to answer the questions that follow.
Table 6.4
-Refer to Table 6.4. The value for personal income in billions of dollars is

• A) 870.
• B) 890.
• C) 950.
• D) 960.

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Definitions:

Direct Labour-Hours

The sum of working hours for employees actively participating in the manufacturing procedure.

Direct Materials

Raw materials that are directly traceable and integral to the finished product, and which can be directly allocated to the manufacturing process.

Finished Goods Inventory

Items that have completed the manufacturing process and are ready for sale to customers.

Work in Process Inventory

The value of materials, labor, and overhead costs in products that have been started but are not yet completed in the manufacturing process.