​A Business Incurs the Following Costs Per Unit: Labor $5/unit;Materials

question 44

Multiple Choice

​A business incurs the following costs per unit: Labor $5/unit;Materials $3/unit and rent $5000/month.If the firm produces 1000 units a month,the total variable costs equals

• A)​$5,000
• B)$8,000
• C)$13,000
• D)​$10,000

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Definitions:

Financial Resources

Assets and funding that are available to a person, organization, or country for use in the pursuit of goals and objectives, including capital, cash, and lines of credit.

Productive Assets

Assets that are used in the operations of a business to generate revenue, including machinery, buildings, and equipment.

Operating Activities

Business activities and transactions related to the primary operations of a company, including cash inflows and outflows.

International Financial Reporting Standards

A set of global accounting standards developed by the International Accounting Standards Board for financial reporting.