Costs Incurred Regardless of the Number of Units of a Product

question 321

Multiple Choice

Costs incurred regardless of the number of units of a product that are produced or sold are called

• A) mixed costs.
• B) controllable costs.
• C) fixed costs.
• D) variable costs.

---

Definitions:

Complete Liquidation

The method of shutting down a company through the sale of all its assets, settling debts with creditors, and allocating any leftover assets among shareholders.

Ownership Interest

A stake or share in an asset or entity, giving the holder a claim to a portion of its value or profits.

Cash Received

Income or revenue received in the form of cash, including physical currency, checks, and digital transfers.

Corporate AMT

The Alternative Minimum Tax for corporations, designed to ensure that profitable companies pay at least a minimum amount of tax.