The Change in Total Variable Cost Which Accompanies One Extra

question 109

Multiple Choice

The change in total variable cost which accompanies one extra unit of output is

• A) the average total cost.
• B) the average variable cost.
• C) the average fixed cost.
• D) marginal cost.

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Definitions:

Worksheet

A paper or digital document used to organize data and perform calculations, often preliminary to the preparation of financial statements.

Ledger

A group of accounts that records data from business transactions.

Withdrawals Account

An account used to track the money that an owner takes out of the business for personal use, also known as draws.

Capital Account

A financial statement that shows the changes in a company's equity, including contributions by and distributions to owners over a period.