A College Student Is Preparing a Course Schedule for the Next

question 20

Multiple Choice

A college student is preparing a course schedule for the next semester.The student may select one of five mathematics courses,one of two science courses,and one of five courses from the social sciences and humanities.How many schedules are possible? ​

• A)55
• B)45
• C)60
• D)50
• E)40

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Definitions:

Manufacturing Margin

The difference between the sales revenue generated from manufactured goods and the cost of goods sold (COGS) associated with producing those goods.

Variable Costing

A method of accounting that encompasses only the variable costs of production, such as direct materials, direct labor, and variable overhead, in the computation of product costs.

Net Income

The net earnings of a business once all costs and taxes are subtracted from its total income.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, with fixed overhead treated as a period expense.