Final answer:
Depreciation on delivery vehicles is not included in manufacturing overhead, as it is related to logistics post-production, not the manufacturing process itself. For GDP, hospital stays, licensed daycare, and new car sales are included, while unpaid services, rises in life expectancy, used car sales, and product variety are not. The correct answer is D) Depreciation on delivery vehicles.
Step-by-step explanation:
The question revolves around identifying the component that is not a part of manufacturing overhead. Manufacturing overhead includes all costs of manufacturing except direct materials and direct labor.
This typically includes items such as factory utilities, factory maintenance, and factory insurance. Indirect labor and indirect materials, because they are part of the manufacturing process but not directly traceable to specific units of product, are also considered manufacturing overhead.
However, depreciation on delivery vehicles is not classified as manufacturing overhead because delivery vehicles are not used in the manufacturing process but rather for distribution and logistics after the manufacturing process is complete.
Regarding the GDP question, GDP includes all goods and services produced within a country's borders in a given period. This includes the cost of hospital stays and child care provided by a licensed daycare center (as they are paid services) and a new car sale (since it's a transaction involving a new product).
It doesn't include the rise in life expectancy, child care by a grandmother (unpaid services), a used car sale (it's not a new production), the greater variety of cheese available (variety itself doesn't count in GDP), or the iron in the steel in a refrigerator (as it counts as intermediate goods, but the finished refrigerator bought by a consumer counts). The correct answer is D) Depreciation on delivery vehicles.