Costs That Are Proportional to the Amount of Units Produced

question 103

Multiple Choice

Costs that are proportional to the amount of units produced, such as materials and labor, are

• A) fixed costs
• B) marginal revenue
• C) sunk costs
• D) cost drivers
• E) variable costs

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Definitions:

Defined Contribution Pension Plan

A retirement plan where an employer, employee, or both make contributions on a regular basis, but the final benefits received depend on the investment's performance.

Accrued Vacation Pay

The amount of money earned by employees for vacation time that has been accrued but not yet taken.

Funding Agent

A Funding Agent is an entity or individual responsible for managing and disbursing funds for a specific purpose, often related to financial operations, projects, or investments.

Fund Trustee

An individual or organization responsible for overseeing and ensuring the proper management and administration of a fund's assets for the benefit of its beneficiaries.