Which of the Following Terms Describes a Cost That Firms

question 19

Multiple Choice

Which of the following terms describes a cost that firms can identify specifically with,or trace directly to,a particular product,department,or process?

• A)direct cost.
• B)process cost.
• C)marginal cost.
• D)variable cost.

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Definitions:

Patient-Visits

A metric in healthcare indicating the number of times patients visit a healthcare provider or facility.

Total Variable Cost

The sum of all costs that vary directly with the level of production, including materials and labor.

Planning Budget

A budget created for a specific level of activity, usually projected at the beginning of a planning period as a guide for income, spending, and capital investment decisions.

Personnel Expenses

Costs incurred by a business related to employing staff, including wages, benefits, training, and other related expenses.