Holly Corporation Has the Following Costs for 1,000 Units What Is the Total Amount of Direct Materials for 100

question 9

Multiple Choice

Holly Corporation has the following costs for 1,000 units: $$\begin{array} { l c c } & \text { Total Cost } & \text { Cost per Unit } \\\text { Direct materials } & 7,500 & 1.50 \\\text { Direct labour } & 3,500 & 7.50\\\text { Depreciation an building }& 30,000 & 30.00 \\\end{array}$$ What is the total amount of direct materials for 100 units?

• A)$1.50
• B)$3.00
• C)$150.00
• D)$225.00

---

Definitions:

Demand And Supply Curves

Graphical representations of the relationship between the quantity of goods demanded by consumers and the quantity supplied by producers at various prices.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell at that price, typically depicted as upward sloping.

Forces Of Nature

Natural phenomena such as earthquakes, floods, and hurricanes that occur with significant impact on human activities and the environment.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for some degree of market power.