The Costs Associated with Variable Inputs Are ________ Costs and the Costs

question 137

Multiple Choice

The costs associated with variable inputs are ________ costs and the costs associated with ________ inputs are costs.

• A)variable; fixed; fixed
• B)fixed; fixed; variable
• C)variable; fixed; variableD.fixed; fixed; fixed

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Definitions:

Operating Budgets

A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.

Continuous Budgets

Budgets that are regularly updated by adding a new period as the current period is completed, facilitating constant financial planning.

Sales Budget

A financial plan that estimates the expected revenue from sales over a specific period, guiding business strategies and operations.

Sales Forecasts

Predictions about the future sales performance of a company or product, based on market analysis and historical sales data, used for planning purposes.