Which of the Following Would Be Considered a Variable Cost

question 45

Multiple Choice

Which of the following would be considered a variable cost in a manufacturing setting?

• A) Rent
• B) Administrative salaries
• C) Insurance
• D) Direct labor

Understand what constitutes cash and the classification of various cash items.

Grasp the basic principles of cash management, including managing receivables, payables, and cash flows.

Understand how to accurately record and report bank overdrafts in financial statements.

Interpret the components and results of a bank reconciliation statement correctly.

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Definitions:

Automated Work Cell

A system comprised of robotic or mechanical units designed to perform a variety of tasks autonomously with minimal human intervention.

Centralized Computer

A single computing system or server that provides services, resources, or data to multiple users or client machines.

Little Penalty

Minor consequences or repercussions applied when objectives, targets, or deadlines are missed, often used to incentivize performance without imposing severe sanctions.

Time

The ongoing and irreversible sequence of events from the past through the present to the future.