If Total Costs Are $80,000 at an Output of 12,000

question 51

Multiple Choice

If total costs are $80,000 at an output of 12,000 units and $95,000 at 15,000 units, fixed costs are:

• A) $20,000
• B) $15,000
• C) $5,000
• D) $10,000

Comprehend the role of genetics and environment in influencing personal development and behavior.

Differentiate between various psychological theories and their applications to understanding human behavior.

Grasp the concept of perception and its influence on human behavior and cognition.

Understand the stages of development across the lifespan and the psychological challenges associated with each stage.

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Definitions:

Sales Returns

Refers to goods that are returned by the customer to the seller after the sale, often due to defects or dissatisfaction.

Operating Expenses

The costs associated with running a business's day-to-day operations, excluding the cost of goods sold.

Periodic Inventory System

An accounting method that records inventory purchase or sale transactions at the end of an accounting period.

Gross Method

An accounting method for recording purchases at the gross invoice amount before deducting any cash discounts for early payment.