Which of the Following Statements Is True Regarding the Salary

question 92

Multiple Choice

Which of the following statements is true regarding the salary of the manager of a fast-food hamburger restaurant?

• A) The salary is a fixed cost that is directly traceable to the cost of making hamburgers.
• B) The salary is a variable cost that is directly traceable to the cost of operating a specific restaurant.
• C) The salary is a variable cost that cannot be traced to the cost of operating a specific restaurant.
• D) None of the answers are correct.

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Definitions:

Specific Date

A particular day singled out from others because of its significance or relevance to an event or action.

Supplies on Credit

The acquisition of business supplies with an agreement to pay the supplier at a later date.

Accounting Equation

The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus equity (Assets = Liabilities + Equity).

Services Provided

Work performed by one party for another without the supply of tangible goods. Examples include consulting, marketing, maintenance, and legal services.