QUESTION 7 Which of the following would be a likely mathematical expression for Total Variable Cost? Profit Total cost T

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Question 7 Which Of The Following Would Be A Likely Mathematical Expression For Total Variable Cost Profit Total Cost T 1 (56.07 KiB) Viewed 62 times

QUESTION 7 Which of the following would be a likely mathematical expression for Total Variable Cost? Profit Total cost Total Revenue Fixed cost Revenue Total Variable Production Volume per Unit Cost Labor Cost Material Cost per Unit per Unit a. Total Variable Cost = Material Cost per Unit x Labor Cost per Unit b. Total Variable Cost = Total Cost - (Material Cost per Unit + Labor Cost per Unit) c. Total Variable Cost = (Material Cost per Unit + Labor Cost per Unit) * Production Volume d. Total Variable Cost = Production Volume * Revenue per Unit