Selecting a Volume-Related Cost Driver and Classifying Each Account as a Variable

question 62

Multiple Choice

Selecting a volume-related cost driver and classifying each account as a variable cost or a fixed cost is called ________.

• A)engineering analysis
• B)high-low method
• C)visual-fit method
• D)account analysis

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Definitions:

Craft Union

A type of union composed of workers who possess the same skills or trades.

Industrial Union

A type of union that includes the unskilled and semiskilled workers at a particular location.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically to protest against employment conditions or labor practices.

Certain Information

Specific and defined data or details that are clear, unambiguous, and distinct from general or vague information.