The Following Three Data Points Appear to Be _____ $\begin{array}{lr}\text { Units }&{\text { Costs }}{} \\100 & \$ 500 \\130 & 550 \\160 & 600\end{array}$

question 129

Multiple Choice

The following three data points appear to be _____. $\begin{array}{lr}\text { Units }&{\text { Costs }}{} \\100 & \$ 500 \\130 & 550 \\160 & 600\end{array}$

• A)a variable cost
• B)a mixed cost
• C)a fixed cost
• D)a step cost

---

Definitions:

Stock Verification

The process of checking and confirming the actual inventory quantities on hand match the recorded inventory levels in an organization's system.

Item Classification

involves categorizing items in inventory or production based on certain criteria such as demand frequency, value, or importance to enable more efficient management and control.

Inventory Management

The supervision and control of ordering, storing, and using a company's inventory to minimize costs and meet customer demand efficiently.

ABC Analysis

A method for dividing on-hand inventory into three classifications based on annual dollar volume.