Business, 19.10.2019 02:30 isac58

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

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Answer from: saraaaaaaaa20

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.

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

In line with other previous and contemporaneous proposals, in 1912 the meteorologist alfred wegener amply described what he called continental drift, expanded in his 1915 book the origin of continents and oceans and the scientific debate started that would end up fifty years later in the theory of plate tectonics.

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