Total Cost Is Calculated as _____

question 174

Multiple Choice

Total cost is calculated as _____

• A)FC + MC.
• B)FC/MC.
• C)(VC + FC)/MC.
• D)FC + VC.
• E)VC + output.

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Definitions:

IFRS

International Financial Reporting Standards, which are accounting standards issued by the International Accounting Standards Board (IASB) for financial reporting globally.

Equity Method

An accounting technique used in consolidating the financial statements of entities in which an investment has been made and significant influence is held.

Subsidiary Company

A company that is completely or majority-owned by another corporation, known as the parent company.

Parent Company

A corporation that owns enough voting stock in another corporation to control its management and operations.