The Following Is an Extract of a Cost Report for Big

question 39

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:

Reliable Measure

A consistent and dependable method of assessment that produces accurate and repeatable results.

Averaging

The process of calculating the mean value of a set of numbers, which is often used to find a central tendency or to simplify complex data.

Advertising Research

The study of techniques and strategies used in advertising to evaluate its effectiveness and to understand consumer responses.

Middle Values

In statistics and data analysis, these refer to values that fall in the middle range of a data set, often used in the context of median or mean calculations.