Given That 1 Inch = 2

question 28

Multiple Choice

Given that 1 inch = 2.54 cm, 1.00 cm³ is equal to

• A) 16.4 in³.
• B) 6.45 in³.
• C) 0.394 in³.
• D) 0.155 in³.
• E) 0.0610 in³.

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the level of production or sales, such as rent and salaries.

High-low Method

A technique used in accounting and finance to estimate fixed and variable costs based on the highest and lowest levels of activity.

Variable Electrical Costs

Costs associated with electricity that vary depending on the amount of usage or consumption over a period.

High-low Method

A technique in cost accounting used to determine the variable and fixed components of a company's costs by analyzing the highest and lowest levels of activity.