Mechanical Engineering Exam > Mechanical Engineering Questions > Setup costs do not include[1997]a)Labour cost...
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Setup costs do not include
[1997]
- a)Labour cost of setting up machines
- b)Ordering cost or raw material
- c)Maintenance cost of the machines
- d)Cost of processing the work piece
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Setup costs do not include[1997]a)Labour cost of setting up machinesb)...
Explanation:
Setup costs refer to the expenses incurred for preparing the machines, equipment or tools for a specific production run or task. These costs are usually one-time expenses that are required to be incurred before the start of production. The four options given in the question are:
a) Labour cost of setting up machines: This refers to the cost of hiring workers to prepare the machines for production. It includes the wages, salaries, and benefits paid to the workers.
b) Ordering cost of raw material: This refers to the cost of placing orders for raw materials required for production. It includes the cost of communication, transportation, and handling of the raw materials.
c) Maintenance cost of the machines: This refers to the cost of maintaining the machines and equipment in good working condition. It includes the cost of repairing, servicing, and replacing parts of the machines.
d) Cost of processing the workpiece: This refers to the cost of transforming the raw materials into finished products. It includes the cost of processing, assembling, and packaging the products.
The correct option among the given choices is D, as it is the only option that does not pertain to setup costs. Processing the workpiece is a part of the production process and is not related to the preparatory expenses incurred for setting up the machines, equipment or tools.
In conclusion, setup costs do not include the cost of processing the workpiece, as it is a separate expense that is incurred during the production process.
Setup costs refer to the expenses incurred for preparing the machines, equipment or tools for a specific production run or task. These costs are usually one-time expenses that are required to be incurred before the start of production. The four options given in the question are:
a) Labour cost of setting up machines: This refers to the cost of hiring workers to prepare the machines for production. It includes the wages, salaries, and benefits paid to the workers.
b) Ordering cost of raw material: This refers to the cost of placing orders for raw materials required for production. It includes the cost of communication, transportation, and handling of the raw materials.
c) Maintenance cost of the machines: This refers to the cost of maintaining the machines and equipment in good working condition. It includes the cost of repairing, servicing, and replacing parts of the machines.
d) Cost of processing the workpiece: This refers to the cost of transforming the raw materials into finished products. It includes the cost of processing, assembling, and packaging the products.
The correct option among the given choices is D, as it is the only option that does not pertain to setup costs. Processing the workpiece is a part of the production process and is not related to the preparatory expenses incurred for setting up the machines, equipment or tools.
In conclusion, setup costs do not include the cost of processing the workpiece, as it is a separate expense that is incurred during the production process.
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Community Answer
Setup costs do not include[1997]a)Labour cost of setting up machinesb)...
The correct option is D, Cost of processing the work piece
When the units are produced within the production system, then the cost associated with bringing shut down system, again into play is called setup cost. It includes maintenance cost, cost associated with arrangement of workers, raw material, tool extra, schedule chart preparation cost.
When the units are produced within the production system, then the cost associated with bringing shut down system, again into play is called setup cost. It includes maintenance cost, cost associated with arrangement of workers, raw material, tool extra, schedule chart preparation cost.
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Setup costs do not include[1997]a)Labour cost of setting up machinesb)Ordering cost or raw materialc)Maintenance cost of the machinesd)Cost of processing the work pieceCorrect answer is option 'D'. Can you explain this answer?
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