The First Monkeys Appeared Between __________ Million Years Ago

question 20

Multiple Choice

The first monkeys appeared between __________ million years ago.

• A) 78 and 60
• B) 58 and 40
• C) 65 and 55
• D) 45 and 40

---

Definitions:

Variable Cost Concept

A pricing strategy where the selling price covers the variable costs per unit, plus a portion of the fixed costs.

Cost-Plus Approach

A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.

Fixed Manufacturing Costs

Costs that do not change with the level of production, such as rent, depreciation, and insurance.

Estimated Costs

Projected expenses that are forecasted for future activities or projects.