The Following Information Was Collected for One of the Costs

question 72

Multiple Choice

The following information was collected for one of the costs at Demetra Manufacturing Corporation over the past two years: Assuming that there has been no change in the cost structure over the last two years and this activity is within the relevant range,this cost at Demetra would best be described as a:

• A)fixed cost
• B)mixed cost
• C)step-variable cost
• D)true variable cost

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Definitions:

Performance Appraisal

Performance appraisal is the process of evaluating an employee's job performance and productivity in accordance with previously established criteria and organisational objectives.

Output Measure

A quantifiable or measurable indicator used to assess the performance, productivity, or efficiency of an operation or process.

Paired Comparison

A technique used in decision making and evaluation to compare each entity in a list with every other entity pairwise.

Performance Appraisal

The process by which a manager or consultant evaluates and documents an employee's performance, typically on an annual basis.