Which of the Following Is a More Descriptive Term of the Type

question 16

Multiple Choice

Which of the following is a more descriptive term of the type of cost accounting often called "variable costing"?

• A)Prime costing
• B)Out-of-pocket costing
• C)Direct costing
• D)Relevant costing

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Definitions:

Soft Drinks

Non-alcoholic beverages, typically carbonated, which do not contain alcohol but may include caffeine and added sugar or sweeteners.

Oligopoly

A market structure dominated by a small number of large firms, leading to strategic interactions in setting prices and output.

Coca Cola

A carbonated soft drink brand known for its distinctive flavor, originally intended as a patent medicine.

Tacit Collusion

Cooperation among producers, without a formal agreement, to limit production and raise prices so as to raise one another’s profits.