Given the Information in the Table, Total Variable Costs at 5

question 88

Multiple Choice

Given the information in the table, total variable costs at 5 units of production are
$\begin{array}{|l|l|l|l|}\hline \boldsymbol{Q} & \boldsymbol{T C} & \boldsymbol{M C} & \boldsymbol{A V C} \\\hline 0 & 200 & - & - \\\hline 2 & 400 & & 100 \\\hline 5 & 600 & 66.67 & 80 \\\hline 9 & 800 & 50.00 & \\\hline 12 & 1000 & 66.67 & 66.67 \\\hline 14 & 1200 & 100 & 71.43 \\\hline 15 & 1400 & 200 & 80.00 \\\hline\end{array}$

• A) $520.
• B) $100.
• C) $400.
• D) $200.

Understand the various inventory accounting issues and practices.

Comprehend the difference between a perpetual and periodic inventory system.

Grasp the concept of price indexes and their applications.

Recognize different costing methods: variable, full, and absorption costing.

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