The Assignment Operator

question 54

Multiple Choice

The assignment operator

• A)denotes mathematical equality
• B)places a new value into a variable
• C)means the same as the equals sign used in algebra
• D)makes it illegal to write a statement like sum = sum + 4;

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Definitions:

Absorption Costing

A costing method where all manufacturing costs, both fixed and variable, are allocated to products, thus "absorbing" them into the cost of goods sold.

Markup

The supplementary amount factored into the base price of goods to address fixed costs and earnings, influencing their final selling point.

Selling Price

The price a consumer disburses to obtain a product or service from a merchant.

Absorption Costing

An accounting method that includes all manufacturing costs—both variable and fixed—in the cost of goods sold, for product pricing.