Which of the Following Does NOT Show an Exact Relationship

question 73

Multiple Choice

Which of the following does NOT show an exact relationship?

• A)100 cm = 1 m
• B)1 m³ = 1000 L
• C)1 in = 2.54 cm
• D)1 km = 0.6214 mi
• E)1 dozen = 12 objects

---

Definitions:

Variable Costing

An accounting method that includes only variable production costs (direct labor, direct materials, and variable overhead) in product costs and expenses fixed overhead as a period cost.

Unit Product Cost

The total cost, including materials, labor, and overhead expenses, divided by the total number of units produced.

Absorption Costing

Absorption costing is a method in accounting that includes all manufacturing costs - both direct and indirect - in the cost of a product.

Variable Costing

An accounting method where only variable production costs are included in product costs, with fixed overhead treated as a period cost.