Each of the Following Is Potentially a Company Subledger Except

question 50

Multiple Choice

Each of the following is potentially a company subledger except:

• A) inventory subledger
• B) fixed asset subledger
• C) receivables subledger
• D) employee subledger

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Definitions:

TVC

Total Variable Costs, which are the sum of expenses that vary directly with the level of production or business activity.

TFC

Total Fixed Costs, which are the sum of all costs that remain constant regardless of the level of production or output.

TC

In economics, often stands for Total Cost, which is the complete cost of production including both variable and fixed costs.

Total Variable Costs

Total Variable Costs are the cumulative expenses that change in proportion to the level of goods or services produced, including costs such as raw materials and labor.