Examlex
The principle of the citrate test includes all the following except:
Selling and Administrative Expense
Costs related to the selling of products and the administration of a business, not including production costs.
Variable Expense
Expenses that change in proportion to the activity of a business.
Fixed Expense
Costs that do not vary with the level of production or sales, such as rent or salaries.
Variable Overhead Rate
The rate at which variable overhead costs are allocated to products based on an activity base, such as machine-hours or direct labor-hours, reflecting changes in cost with production volume.
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