Find the Coordinates of the Vertex, and Indicate Whether the Vertex

question 113

Multiple Choice

Find the coordinates of the vertex, and indicate whether the vertex is the highest point on the graph or the lowest point on the graph.

• A) vertex = (25, -17); it is the highest point.
• B) vertex = (4, -21); it is the lowest point.
• C) vertex = (-4, -21); it is the lowest point.
• D) vertex = (17, 42); it is the highest point.
• E) vertex = (-8, 17); it is the lowest point.

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Definitions:

Variable Costing

A costing method where only variable production costs are included in product costs, with fixed overhead expenses treated as period costs.

Contribution Format

A method of income statement presentation that separates fixed costs from variable costs to highlight the contribution margin.

Reconciliation Method

A process used in accounting to ensure that two sets of records (usually the balances of two accounts) are in agreement.

Absorption Costing

A calculation method for product pricing that includes all components of manufacturing costs—direct materials, direct labor, both variable and fixed overheads— into the product's overall cost.