A Cost That Changes,in Total,in Direct Proportion to Changes in Activity

question 96

Multiple Choice

A cost that changes,in total,in direct proportion to changes in activity levels is a(n) :

• A)absorption cost.
• B)contribution margin.
• C)fixed cost.
• D)variable cost.

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Definitions:

Goods

Physical, tangible products or merchandise that can be used, sold, or exchanged.

United Nations Convention

An international agreement formed under the United Nations' auspices, often addressing issues of global concern.

International Sale of Goods

The sale transaction of goods between parties located in different countries, governed by specific legal frameworks and treaties.

Obligations

Duties or commitments legally or morally binding an individual or entity.