Which of the Following Would Be a Likely Mathematical Expression

question 39

Multiple Choice

Which of the following would be a likely mathematical expression for Total Variable Cost? ​ ​

• A)Total Variable Cost = Production Volume × Revenue per Unit
• B)Total Variable Cost = Material Cost per Unit × Labor Cost per Unit
• C)Total Variable Cost = Total Cost - (Material Cost per Unit + Labor Cost per Unit)
• D)Total Variable Cost = (Material Cost per Unit + Labor Cost per Unit) × Production Volume

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Definitions:

Maintenance

The process of preserving a condition or situation or the process of keeping something in working order by regularly servicing it.

Non-interest-bearing Note

A promissory note or loan agreement that does not accrue interest over time, requiring the borrower to repay only the principal amount.

Present Value

The current worth of a future sum of money or stream of cash flows, discounted at a specified rate of return.

Actuarial Information

Data and analyses related to assessing financial risks and uncertainties, typically in the context of insurance and finance, relying on mathematical and statistical methods.