____ Variables Are Variables That Are Shared by Every Instantiation

question 72

Multiple Choice

____ variables are variables that are shared by every instantiation of a class.

• A) Integer
• B) Instance
• C) Class
• D) Time

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Definitions:

Variable Costing

An accounting method that only includes variable production costs (materials, labor, and overhead) in product cost calculation, excluding fixed overhead.

Unit Product Cost

The total cost associated with producing one unit of a product, including materials, labor, and overhead.

Direct Labor Cost

The total cost incurred by a company for the wages of workers who are directly involved in the manufacturing or production process.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overheads - in the cost of a product.