A Type of "Language" Used by Engineers to Convey Their

question 2

Multiple Choice

A type of "language" used by engineers to convey their ideas on engineering drawings includes

• A) engineering symbols and signs.
• B) hieroglyphics.
• C) color-coding.
• D) dimensions.

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Definitions:

Variable Expenses

Costs that vary in direct proportion to changes in the level of activity or volume of production.

Fixed Expenses

Obligations that remain constant in total regardless of changes in business activity levels, such as lease payments and salaries.

Cost Formula Equation

An equation that determines the total cost based on fixed costs, variable rate per unit of activity, and the level of activity.

High-low Method

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