Which of the Following Is an Example of a Materials

question 157

Multiple Choice

Which of the following is an example of a materials price standard?

• A) $40 per direct labor hour
• B) 4.5 square feet per unit
• C) $0.95 per square foot
• D) 0.5 direct labor hours per unit

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Definitions:

Final Consumer

The end user who purchases a product or service for personal use, not for manufacturing or resale.

Government

An organization that provides goods and services to households and firms, and that redistributes income and wealth.

Assisted-Living

A residential option for seniors who need help with daily activities but do not require the full-time healthcare services provided in a nursing home.

Hospital Cafeteria

A dining area within a hospital that provides meals and snacks to patients, visitors, and staff, often catering to a variety of dietary needs.