Under Variable Costing

question 15

Multiple Choice

Under variable costing

• A)only the quantity of products sold determines cost of goods sold.
• B)only the quantity of products produced determines cost of goods sold.
• C)both the quantity of products produced and sold determines cost of goods sold.
• D)neither the quantity of products produced or sold determines cost of goods sold.

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Definitions:

Data Entry

The process of inputting data or information into a computer system or database, often from paper documents, for the purpose of processing or management.

Human Resource Planning

A strategic process involving the identification and forecasting of an organization's current and future staffing needs.

Future Human Resources

The anticipated changes and challenges in managing an organization's workforce, including adapting to technological advancements and evolving workplace norms.

Career Planning

The process of mapping out steps for an individual’s career path to reach career goals, including education, skills development, and job search strategies.