Table 13-14 -Refer to Table 13-14. What Is the Total Cost of Total

question 33

Multiple Choice

Table 13-14
-Refer to Table 13-14. What is the total cost of producing 2 units of output?

• A)$10
• B)$15
• C)$38
• D)$48

---

Definitions:

Mark-up

Extra costs applied to the basic price of goods for overhead absorption and profitability.

Overhead Expenses

Ongoing costs of operating a business that are not directly associated with the production of goods or services, such as rent, utilities, and administrative costs.

Operating Profit

The income generated by a company's main business activities, not including interest and tax deductions.

Markdown

A reduction from the original or previous selling price of goods or services.