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Labor used in making a product is categorized as a human resource, specifically as a type of input known as "labor." It represents the physical and mental effort of workers involved in the production process. This resource is essential for transforming raw materials into finished goods and directly contributes to the overall productivity and efficiency of manufacturing.
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What product would be selected in a decision that involves the utilization of a constrained resource?
In a decision involving the utilization of a constrained resource, the product selected would typically be the one that maximizes the contribution margin per unit of the constrained resource. This means evaluating which product generates the highest profit relative to the limited resource, such as time, labor, or materials. By prioritizing products that yield the greatest financial return from the constrained resource, a business can optimize its overall profitability and efficiency.
Is indirect labor a product cost?
Yes, it would accounted for under factory overhead.
How would you portion a product in making petite fours?
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New product development objectives?
New product development objectives for a new product would include: * Schedule of release * Safety and testing guidelines * List of features * Features for future release * Upgrade path * Financial and Budgetary objectives New product development objectives for an existing product would include: * Making the product better or safer * Making the product cheaper for the end-user * Making the product easier to sell * Upgrading the product to be state-of the-art * Adding more features to the product
When are expenses incurred?
When you consume a resource, expenses are incurred. Resources can be consumed by using a resource up or over time. You would incur an expense for a product when it sells or when you buy office supplies for your business.
Where can I find a resource for jobs around the USA?
The Bureau of Labor Statistics would be a useful resource when looking for an area with good job opportunities. There are maps on their website that show job growth and unemployment statistcs around the US.
When HR choose benefits for new employees is it a hiring cost or a labor cost?
My answer would be that HR has a budget for hiring etc, therefore it would be considered a hiring cost from its budget. The labor cost would be what it cost to produce a product and the wages paid out etc.
Would bamboo blinds be considered a green product?
Yes, blinds made from bamboo are considered "green:, they are a renewable resource that is great for the environment.
Why company sale promotional products?
Making your product popular in the market needs a promotional product that would remind customers of your brand.
Which product or resource would be found in Georgia but not Massachusetts?
it is eathier fish lumber cotton or vegatebles so i know my name is jasmine.
How can conversion costs be explained?
The conversion cost is the amount of money it takes to change a resource into a product. Going from something raw to a finished product would almost always have a cost, that would be the conversion cost. The cost at which it takes to convert from one thing to another.
If you buy goods to make a product do you have to pay capital gains tax?
That would be a part of your cost of the product that you are making and would be added to all of your other costs of the product to be your cost basis after the product is finished. For a cake that you are selling it would be a part of the cost of the cake to you that you are selling to someone else. This would not be a capital gains tax sale.
