The Direct Materials Budget Details

question 51

Multiple Choice

The direct materials budget details
1) the quantity of direct materials to be purchased.
2) the cost of direct materials to be purchased.

• A) 1
• B) 2
• C) both 1 and 2
• D) neither 1 nor 2

---

Definitions:

Marginal Productivities

Describes the additional output generated by employing one more unit of input, holding other inputs constant.

Higher Earnings

Increased income from wages, salaries, investments, or other sources, typically compared to a previous period or average.

Better-Educated

Referring to individuals who have received a higher level of formal education, often resulting in improved skills, knowledge, and job opportunities.

Human-Capital Theory

A theory that views individuals' skills and knowledge as valuable assets that can enhance their productivity and income.