What Does Variable Cost Divided by Quantity Produced Equal

question 39

Multiple Choice

What does variable cost divided by quantity produced equal

• A)average total cost
• B)marginal cost
• C)fixed cost
• D)average variable cost

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Definitions:

Transaction

An agreement or communication carried out between two or more parties that results in the exchange of value, such as the purchase or sale of goods or services.

Posting Reference Columns

Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.

Ledger

A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.