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:

Central Authority

In legal and administrative contexts, the central authority is a primary or governing body responsible for overseeing and managing specific functions or compliance with international agreements.

Koran

The Koran, also spelled Quran, is the holy book of Islam, believed to be the word of God (Allah) as revealed to the Prophet Muhammad.

Normative Structures

The unwritten rules and expectations that guide behavior within a society, including traditions, norms, and social standards.

Materialized Norms

Norms that have been established and accepted in a society, influencing behavior and social interactions.