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Which item in the accompanying figure is an input device?
Administrative Expenses
Costs related to the general operation of a business, such as salaries of non-sales personnel, rent, office supplies, and utilities.
Variable Cost Method
A cost-plus method of pricing setting in which only the variable costs are included in the cost amount to which the markup is added.
Fixed Manufacturing Costs
Expenses that do not change with the level of production, such as rent, salaries of permanent employees, and depreciation of factory equipment.
Markup
The extra charge added to the purchasing cost of items to encompass both overhead expenses and profit, setting the sale price.
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