Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>
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<h3>What are direct materials?</h3>
Those components pass into a manufactured product are called as Direct materials. Direct materials cost refers to the cost of direct materials which may be without problems recognized with the unit of production.
For example, the value of glass is an immediate substance cost in light bulb manufacturing.
Hence, Materials that become independent components of the finished product and whose cost can be easily and conveniently traced to the finished products are <u>direct materials.</u>
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Answer:
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Answer:
The linear demand function for Frog & Friends Shower curtains is q = -60p + 4,100
Explanation: $5 each ===> 3,800 curtains per month
$10 each ===> 3,500 curtains per month.
===> slope of the demand line is (3800-3500)/(5-10) = 300/-5 = -60
===> demand function is q = -60p + c for some constant c.
Let 3,800 = -60*5 + c.
=3800 = -300 + c
===> c = 4,100.
Therefore the linear demand function for frog & friends curtains is q = -60p + 4,100
Answer:
84.29%
Explanation:
Quarterly tax revenue collected = $70 billion
Thus,
annual tax revenue collected = $70 billion × 4
= $280 billion
Total amount allocated = $15 billion + $29 billion
= $44 billion
Therefore,
Percentage of annual tax revenue allocated
= [ $44 billion ÷ $280 billion ] × 100%
= 15.71%
Hence,
Percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending
= 100% - 15.71%
= 84.29%
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