Select the Correct Statement Regarding General,selling,and Administrative (GS&A)costs

question 20

Multiple Choice

Select the correct statement regarding general,selling,and administrative (GS&A) costs.

• A) Variable general, selling, and administrative costs can have price variances.
• B) Variable general, selling, and administrative costs cannot have usage variances.
• C) Cost variances are not generally computed for fixed general, selling, and administrative costs.
• D) All of these answers are correct.

---

Definitions:

Marginal Benefit

The surplus happiness or utility experienced from using an extra unit of any good or service.

Public Good

A public good is a good that is non-excludable and non-rivalrous, meaning it can be used by everyone freely without depleting its availability to others.

Nonrivalry

A characteristic of certain goods where the consumption by one individual does not reduce availability to others, often seen in digital or public goods.

Nonexcludability

A characteristic of certain goods where it is difficult or impossible to prevent someone from using the good once it has been provided.