Exhibit 21-7 ​

question 37

Multiple Choice

Exhibit 21-7
​

-Refer to Exhibit 21-7. The total variable cost of producing 3 units is

• A)$31.00.
• B)$51.00.
• C)$17.00.
• D)$60.00.
• E)There is not enough information to answer this question.

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Definitions:

Liability

A legal obligation or responsibility, often in the form of debt or duty to compensate for loss or damage caused.

Improper Refusal

A situation where a party unjustly rejects a contract offer or fails to perform an action required by the agreement.

Checking Account

A bank account that allows for both deposits and withdrawals and is primarily used for daily transactions.

Contractual Agreement

A legally binding agreement between two or more parties, outlined in a document, that is enforceable by law.