You Are Given the Following Cost and Volume Information Which Type of Cost Is Given?
A) Variable
B) Fixed

question 34

Multiple Choice

You are given the following cost and volume information:
$$\begin{array} { c c } \begin{array} { c } \text { Volume } \\(\text { in units }) \end{array} &\begin{array} { c } \text { Total Cost } \\( \text { in }) \end{array}\\\hline 200 & \$ 1000 \\400 & 2000 \\600 & 3000\end{array}$$
Which type of cost is given?

• A) Variable
• B) Fixed
• C) Step
• D) Mixed

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Definitions:

One-tailed Test

A statistical hypothesis test in which the region of rejection is on only one side of the sampling distribution.

Population Variances

The squared deviation of a set of values in a population from their mean, representing the dispersion within the population.

Equality

A concept referring to the state or quality of being equal, indicating that two or more entities are the same in quantity, size, degree, or value.

Population Variances

A measure of the spread or dispersion of a set of data points in a population, indicating how much the members of the population differ from the population mean.