Substances Not in Use Before 1958 Are Classified as Food

question 82

Multiple Choice

Substances not in use before 1958 are classified as food additives and subject to regulation under the ____.

• A) GRAS list
• B) Food Additives Amendment
• C) Food Quality Protection Act
• D) Food, Drug and Cosmetic Act
• E) Federal Food and Drug Act

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Definitions:

Variable Cost

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Unit Selling Price

The amount for which a unit of product is sold, not including any discounts or allowances.

Variable Cost Method

An accounting approach where costs that vary directly with the level of production are allocated to products, influencing the cost of goods sold and inventory valuation.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, indicating the amount contributing towards covering fixed costs and generating profit.