-Refer to Figure 8

question 22

Multiple Choice

-Refer to Figure 8.3.If two microwave ovens are produced,Micro Oven's total variable costs are

• A) $350.
• B) $425.
• C) $500.
• D) indeterminate from this information.

---

Definitions:

Replenishment

The process of refilling stock or supplies in a business to ensure adequate levels are maintained.

Valid Receipts

Official documents or records that acknowledge the receipt of goods, services, or payments and serve as proof of transactions.

Auxiliary Petty Cash Record

An ancillary log kept to track petty cash transactions separately from the main cash records for better management and reconciliation.

Petty Cash Voucher

A document used to log and authorize the use of petty cash funds for small, incidental expenses.