Asked by Kylie Bryant on May 17, 2024
Verified
The cost to manufacture a fiberglass boat consists of $2,240 for materials, $3,165 for direct labour, and $1,325 for overhead. Express the three cost components as a ratio.
Cost Components
The individual elements that contribute to the total cost of a product or service, including materials, labor, and overhead.
Fiberglass Boat
A type of boat made from fiberglass, known for its durability, strength, and lightweight compared to traditional wooden boats.
Ratio
The quantitative relation between two amounts showing the number of times one value contains or is contained within the other.
- Evaluate the proportions of real-environment quantities, covering economic and material apportionments.
Verified Answer
DL
Learning Objectives
- Evaluate the proportions of real-environment quantities, covering economic and material apportionments.