Average Total Cost Is

question 69

Multiple Choice

Average total cost is:

• A)the change in variable cost divided by the change in quantity.
• B)total cost divided by quantity.
• C)the change in quantity divided by the change in labor costs.
• D)total cost times quantity.

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Definitions:

Bill of Material

A comprehensive list of raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture a product.

Explosion

A rapid increase in volume and release of energy in an extreme manner, often with the generation of high temperatures and the release of gases.

Technical Drawing

A detailed, precise diagram or plan that shows the specifications, dimensions, and materials of an object or structure.

Master Production Schedule

A plan for individual commodities to be produced in each time period, serving as a connection between production and sales.