Under the variable-cost approach, the cost base includes all of the following except
a) variable selling and administrative costs.
b) variable manufacturing costs.
c) total fixed costs.
d) all of these answers are included.
Answer: c) total fixed costs.
Business
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The learning curve for a product is 80 percent. The first unit took 100 hours to complete. The manufacturer wants to determine how many hours the fifth unit will take by using the formula approach. What is the coefficient b for that calculation?
A) -.0969 B) -.2231 C) -.3219 D) .80 E) 1.903
Business
In the formation stage, failed projects are more likely to have:
A) Technical limitations. B) Personal ambition. C) Clear objectives. D) Team motivation.
Business