Which of the Following Household Items Is Likely to Have

question 10

Multiple Choice

Which of the following household items is likely to have the most power consumption in a typical day?

• A) electric clock
• B) iron
• C) table fan
• D) TV

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Definitions:

Product Costs

Costs that are directly associated with the creation of a product, including direct labor, materials, and manufacturing overhead.

Fixed Manufacturing Cost

Expenses related to manufacturing that remain constant regardless of the level of production, such as salaries of supervisory staff and depreciation of factory equipment.

Units Produced

The total quantity of items manufactured during a specific period.

Period Costs

Costs that are not tied directly to the production process and are expensed in the period they are incurred, such as selling and administrative expenses.