The Net Asset Value (NAV)is Reported in Most Daily Newspapers

question 56

Multiple Choice

The net asset value (NAV) is reported in most daily newspapers

• A)for the total fund.
• B)on a per-share basis.
• C)in dollars and fractions of dollars.
• D)on a weekly basis due to the complexity of computation.

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Definitions:

Variable Costing

An accounting method that only assigns variable costs to inventory, with fixed manufacturing overhead expenses charged to expense as incurred.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs.

Absorption Costing

A bookkeeping approach that encompasses all production expenses, including both constant and fluctuating costs, in the price of a good.

Unit Cost

The calculated cost assigned to a single unit of product or service, comprising all variable and fixed costs.