Eat-Ertainment

question 23

Multiple Choice

Eat-ertainment:

• A) is to spend money on dining out or on take-away food.
• B) is taking a decreasing proportion of the food budget in Australia.
• C) is to enjoy cooking and eating at home.
• D) is a type of holiday.

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Definitions:

Variable Manufacturing Overhead

Costs in the production process that vary with the level of production output, such as utilities for machinery.

Direct Labour

refers to the workforce directly involved in the manufacture of goods or provision of services.

Fixed Manufacturing Overhead

Indirect manufacturing costs that remain relatively constant regardless of the level of production, such as rent, salaries, and insurance.

Contribution Margin

The amount remaining from sales revenue after variable expenses are deducted, indicating how much contributes to covering fixed costs and generating profit.