In Terms of Cost Behavior, Telephone Expense and Direct Materials

question 56

Multiple Choice

In terms of cost behavior, telephone expense and direct materials are classified as

• A) variable and fixed, respectively.
• B) fixed and variable, respectively.
• C) mixed and fixed, respectively.
• D) mixed and variable, respectively.

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Definitions:

Equivalent

Equal in value, measure, force, effect, significance, etc. Often used in mathematical, scientific, and logical comparisons.

Apothecary Equivalent

A term referring to the system of weight and volume measurement used historically in pharmacies and the science of pharmacy.

Fluid Ounce

A unit of volume typically used in measuring liquids, equivalent to approximately 28.4 ml in the British imperial system and 29.6 ml in the US system.

Thyroid

A gland in the neck that produces hormones regulating growth and development through the rate of metabolism.