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kodGreya [7K]
3 years ago
9

Materials must have which two qualities in order to be classified as direct materials? a.They must be an integral part of the fi

nished product, but can be an insignificant portion of the total product cost. b.They must be introduced into the process in both work in process inventories and finished goods inventories. c.They must be an integral part of the finished product and a significant portion of the total product cost. d.They must be classified as both prime costs and conversion costs.
Business
1 answer:
Usimov [2.4K]3 years ago
7 0

Answer:

c.They must be an integral part of the finished product and a significant portion of the total product cost.

Explanation:

Direct material is the key component of finished product, it is what is called finished product after processing.

It might be combination of so many raw materials or that it might be alone.

Thus, it forms an integral part of finished product and also it involves a huge share that is clearly identifiable in the total cost as raw material.

Which is because generally overheads do not have that share in cost, as much as that of raw materials.

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The local government removes a tax on the production of beer in Riverside in an effort to stimulate the economy. At the same tim
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Answer:

Equilibrium quantity will increase; Equilibrium price is ambiguous.

Explanation:

If the government removes a tax on the production of beer then as a result the producers of beer will increase their production level and this will increase the supply of beer in an economy. Therefore, there is a rightward shift in the supply curve of beer.

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Journal Entries and Trial Balance
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Heavenly Realty Journal entries can be found in the attached file

Explanation:

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(being Faith Schultz transferred cash in exchange for Capital stock)

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(Being Rental costs for Office and Equipment)

Dr. Supplies with $1,330

Cr. Accounts Payable with $1,330

(Being cost of purchased supplies)

Dr. Supplies Expense with $740

Cr. Supplies with $740

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Dr. Cash with $20,500

Cr. Sales commission with $20,500

(Being Sales Commission received)

Dr. Automobile Expense with $1,250

Dr. Miscellaneous Expense with $840

Cr. Bank with $2,090

(being  payment for automobile expense, rental charges & Miscellaneous expense)

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Cr. Bank with $2,620

(Being Payment for Office Salaries)

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One thing that a college might look at when considering accepting a new student is:
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Answer:
D
Explanation:
In order for a college to accept a new student they need to have a look at their GPA.
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Answer:

Utility overvalued

Explanation:

According to economists, such people over value the utility they are meant to get in the future. They only want to get the entire satisfaction at a go because of the fear of not getting that food again in the nearest future.

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