Which of the Following Represents the Definition of a Variable

question 326

Multiple Choice

Which of the following represents the definition of a variable?

• A)a data characteristic that is collected through competitive intelligence and cannot change over time
• B)a data characteristic that stands for a value that changes or varies over time
• C)a data characteristic that stands for a value that does not change or vary over time
• D)a data characteristic that is collected only through competitive intelligence and can change over time

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Definitions:

Weighted-Average Method

A method for determining the cost of goods sold and the value of the remaining inventory by calculating the average cost of all available units for sale.

Conversion Costs

The sum of direct labor and manufacturing overhead costs, representing the costs to convert raw materials into finished products.

Direct Materials

The raw materials that are directly traced and integrated into the final product and are a significant part of the manufacturing cost.

Weighted-Average Method

is an inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.