A Company Uses "Standard Costing

question 22

Multiple Choice

A company uses "Standard Costing".If the standard variable cost of making one unit is £0.32 and the budgeted production is 10,000 units but company produced 12,000 units,the expected variable cost would be:

• A) £3,200
• B) £0.32
• C) £3,840
• D) £640

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Definitions:

For-Profit

Describes businesses or organizations that operate primarily to generate profit for their owners or shareholders, as opposed to non-profit organizations.

Primary Groups

Fundamental social units where individuals have direct, close, and intimate interactions, typically including family and close friends.

Secondary Groups

Larger, more impersonal groups in which relationships are temporary and goal-oriented.

Social Networks

The webs of relationships and connections among individuals or organizations, facilitating communication and interaction.