The Following Is an Extract of a Cost Report for Big

question 45

Multiple Choice

The following is an extract of a cost report for Big Whale Car Wash for the six months from June to November. Management considers the activities in these six months as within the relevant range for the purpose of cost estimation.
The car washing labour cost is a:

• A) variable cost.
• B) fixed cost.
• C) step-fixed cost.
• D) semi-variable.

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Definitions:

Social Vulnerabilities

The inability of people, organizations, and societies to withstand adverse impacts from multiple stressors to which they are exposed.

File Drawer Effect

A bias in scientific research that results from the tendency to publish only positive or significant findings, while studies with negative or inconclusive results are left unpublished.

Published

The process of making information available to the general public, typically through books, journals, or digital platforms.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.