Answer the Question on the Basis of the Following Cost

question 210

Multiple Choice

Answer the question on the basis of the following cost data. The total variable cost of producing 3 units of output is

• A)$8.
• B)$24.
• C)$16.
• D)$12.

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Definitions:

Self-confidence

The state of trust in one's abilities, qualities, and judgment.

Budget Period

A specific timeframe, usually a fiscal year or quarter, within which financial planning and expenditure occur.

Payroll Deductions

The amounts withheld from an employee's salary by the employer, covering taxes, insurance premiums, and other designated expenses.

Variable Expenses

Expenses that change in proportion to the activities of a person or business, such as utility bills or cost of goods sold.