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Table 7.7 A Company Makes Four Products That Have the Following Characteristics

question 113

Multiple Choice

Table 7.7
A company makes four products that have the following characteristics: Product A sells for $75 but needs $20 of materials and $20 of labor to produce;Product B sells for $90 but needs $45 of materials and $20 of labor to produce;Product C sells for $110 but needs $50 of materials and $30 of labor to produce;Product D sells for $135 but needs $75 of materials and $40 of labor to produce.The processing requirements for each product on each of the four machines are shown in the table. Work centers W,X,Y,and Z are available for 40 hours per week and have no setup time when switching between products.Market demand is 50 As,60 Bs,70 Cs,and 80 Ds per week.In the questions that follow,the traditional method refers to maximizing the contribution margin per unit for each product,and the bottleneck method refers to maximizing the contribution margin per minute at the bottleneck for each product.
-Use the information in Table 7.7.Using the bottleneck method,in what sequence should products be scheduled for production?

Recognize the principles of taxation and their application in policy justification.

Identify concepts of horizontal and vertical equity in taxation.

Describe the characteristics and effects of progressive, proportional, and lump-sum tax systems.

Understand the benefits principle of taxation and its application.

Definitions:

Subsistence Needs

Fundamental requirements necessary for individuals to maintain their basic living conditions, such as food, shelter, and clothing.

Thrill Of Entering

The excitement or exhilaration experienced when engaging in or embarking on something new or adventurous.

Expressive Needs

Human desires or motivations to express oneself emotionally or creatively, often through art, communication, or personal style.

Technical Skills

Abilities and knowledge needed to perform specific tasks, often relating to computational and physical technology.