Final answer:
The major cost factors in process selection include labor, materials, equipment, and overhead expenses. The cross-over chart is used to compare the costs and benefits of different processes.
Step-by-step explanation:
The major cost factors considered in process selection include costs such as labor, materials, equipment, and overhead expenses. These factors are taken into account when choosing the most efficient and cost-effective process for production.
The cross-over chart, also known as a cost/benefit analysis, is used for process selection. It helps compare the costs and benefits of different processes by organizing them in a T-shaped chart. Costs are listed on one side, and benefits are listed on the other side. This chart helps decision-makers weigh the sacrifices and gains associated with each process option.