Answer:
$3.42
Step-by-step explanation:
Meters of material required = 1.2 meters
Cost per meter of material = $0.85
Direct labor hours = 0.1
Cost of direct labor per hour = $15
Overhead rate = $9 per direct labor hour
Standard cost per unit of product :
(Direct material cost per unit + direct labor cost per unit + overhead cost per unit)
Direct material cost per unit :
Material needed × cost per meter = (1.2 × $0.85) = $1.02
Direct labor cost per unit :
Direct labor hour × cost per hour = ( 0.1 × $15) = $1.5
Overhead cost:
0.1 * $9 = $0.9
Standard cost :
($1.02 + $1.5 + $0.9) = $3.42
B.) it includes and investment component
C.) it is relatively low cost
It includes and investment component is the feature of permanent insurance, option B is correct.
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certainloss, damage, or injury.
Permanent life insurance provides lifelong protection as long as the policy premiums are paid.
Unlike term life insurance, which provides coverage for a specific period of time, permanent life insurancepolicies remain in force as long as the policyholder pays the premiums.
One of the key features of permanent life insurance is that it includes an investment component, also known as cash value.
As the policy holder pays premiums, a portion of the payment is allocated to the cash value account.
The cash value grows tax-deferred and can be used to pay future premiums, take out a loan, or be withdrawn in cash.
Hence, it includes and investment component is the feature of permanent insurance, option B is correct.
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