What Is 64% of 320

question 78

Multiple Choice

What is 64% of 320?

• A)205.4
• B)200.8
• C)204.8
• D)200.4

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Definitions:

Total Product Cost

The complete cost associated with making or acquiring a product, including direct materials, direct labor, and overhead costs.

Variable Costing

An accounting method that only includes direct variable costs (costs that vary with production levels) in the cost of producing goods.

Absorption Costing

A technique in accounting that ensures all expenses related to production, including direct materials, direct labor, as well as variable and fixed overhead costs, are factored into the product’s cost.

Fixed Costs

Fixed expenses that are unaffected by changes in production or sales volume, encompassing rent, salaries, and insurance.