________ Is the Customs Value of Goods That Is Based

question 30

Multiple Choice

________ is the customs value of goods that is based on their price calculated from the cost of manufacture, overhead, and handling.

• A) Transaction value
• B) Deductive value
• C) Computed value
• D) Derived value

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Definitions:

Quoting Prices

The action of providing a prospective customer with a price at which a seller agrees to sell goods or services.

Excess Capacity

The situation where a company's production facilities are capable of producing more than the demand for its products.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent or salaries.