Variable Costs Are Represented Graphically As

question 52

Multiple Choice

Variable costs are represented graphically as:

• A)starting at zero and increasing as a straight line as activity increases.
• B)starting at a given point and increasing as a straight line as activity increases.
• C)a horizontal line, staying the same irrespective of the level of activity.
• D)the intersection of total costs and total revenue lines.

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Definitions:

Three-period

Pertains typically to a moving average or other statistical calculation considering data from three specific time periods for analysis or forecasting.

Weightage

Weightage refers to the assigned importance or value given to elements within a calculation or process, influencing the overall outcome.

Root Mean Square of Errors

A measure of the differences between values predicted by a model or an estimator and the values observed, expressing the square root of the mean of the squares of these differences.

Actual Value

The true, factual, or real value of a measurement, differing from an estimated or theoretical value.