Which of the Following Is Not a Volume Based Cost

question 45

Multiple Choice

Which of the following is not a volume based cost driver?

• A)labour hours
• B)machine set up
• C)machine hours
• D)units of output

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Definitions:

Discount

A reduction applied to the regular price of goods or services, or the amount by which the market value of a bond falls below its par value.

Premium

The amount by which the price of something exceeds its principal or nominal value, often applied to bonds, insurance policies, and preferred stock.

Forward Contract

A personalized agreement between two entities to purchase or sell a specific asset at a predetermined price on a later date.

Thermal Compressors

Devices that use heat energy to compress a gas, often used in heat pump and refrigeration systems.