Perform the Indicated Operation $\frac { 1 } { 4 } + \frac { 1 } { 12 }$

question 136

Multiple Choice

Perform the indicated operation. $\frac { 1 } { 4 } + \frac { 1 } { 12 }$

• A) \(\frac { 1 } { 16 }\)
• B) \(\frac { 1 } { 48 }\)
• C) \(\frac { 1 } { 4 }\)
• D) \(\frac { 1 } { 3 }\)
• E) \(3\)

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Definitions:

Mixed Cost

A cost that contains both fixed and variable components and changes with the level of activity, but not proportionately.

CVP Analysis

Cost-Volume-Profit (CVP) analysis is a managerial accounting technique used to determine the effects of changes in costs and volume on a company's profits.

Variable

An element, feature, or factor that is likely to vary or change; used in various contexts, including mathematical equations and statistical models.

Fixed

Pertains to costs or assets that do not fluctuate with changes in production level or sales volume.