Use the Following Stock Quotes to Answer This Question

question 41

Multiple Choice

Use the following stock quotes to answer this question:

-How many whole shares of Ditch Digger stock traded today?

• A) 11,298
• B) 112,980
• C) 11,298,006
• D) 112,980,060
• E) 1,129,800,600

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Definitions:

Variable Overhead

Costs that vary directly with the level of production or business activity.

Direct Labor

The workforce directly involved in manufacturing products or delivering services, whose costs are directly attributable to the production.

Direct Materials

Materials that can be directly attributed to the production of specific goods or services and are an essential component of finished products.

Fixed Overhead

Indirect costs of production that remain relatively constant regardless of the level of output, such as rent, salaries, and insurance.