Examlex
Which of the following does not require an adjusting entry at year-end?
Total Fixed Cost
The sum of all costs that remain constant regardless of the level of production or output in the short run.
Marginal Cost
The expense associated with manufacturing an extra unit of a product or service.
Variable Cost
Variable cost pertains to a cost that changes in proportion with the level of activity or volume of production in a company.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced, which decreases as production increases.
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