Abdol Company, which has only one product, has provided the following data concerning its most recent month of operations: 
-What is the total period cost for the month under the variable costing approach?
Definitions:
Subsidy Program
A government initiative designed to support businesses or individuals through financial assistance or tax benefits.
Downward Sloping
Describes a line or curve on a graph that shows a decrease in one variable as another variable increases, often used in economics to describe demand curves.
Demand Curves
Graphical representations showing the relationship between the quantity of goods consumers are willing and able to purchase at various prices, typically downward sloping from left to right.
Own Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, holding all else constant.
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