Compute $\frac { 7 ! } { 3 ! ( 7 - 3 ) ! }$

question 87

Multiple Choice

Compute $\frac { 7 ! } { 3 ! ( 7 - 3 ) ! }$

• A) 35
• B) 210
• C) 840
• D) 70

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Definitions:

Variable Overhead

Costs that change with the level of production or service activities.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Absorption Costing

A costing method that includes all manufacturing costs (both fixed and variable) in the cost of a product.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue.