(Table: Cost Data) Look at the Table Cost Data, Which

question 86

Multiple Choice

(Table: Cost Data) Look at the table Cost Data, which shows data for a designer purse factory.The marginal cost of producing the fifth purse is:

• A)$60
• B)$50
• C)$35
• D)$20

Recognize the role of DNA in the development, growth, and reproduction of organisms.

Distinguish between inductive and deductive reasoning in scientific research.

Identify the growth, development, and reproductive strategies of organisms.

Learn the correct format for scientific naming and classification of organisms.

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Definitions:

Labour Efficiency Variance

A measure used in accounting to indicate the difference between the actual number of labor hours used and the standard number of hours that should have been used, multiplied by the standard labor rate.

Variable Overhead

Costs that vary with the level of production or business activity, such as utilities and indirect materials, but do not directly correlate to direct labor or materials.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead costs incurred and the expected (or standard) costs, based on efficient usage of resources.

Actual Labour Hours

The real amount of labor time spent by employees on the production of goods or provision of services.