The selling price is multiplied to quantity of sold units to calculate _____________?
Correct answer: A. revenues
- A. revenues
- B. sold quantity
- C. sold price
- D. bulk price
Explanation
Multiplying selling price per unit by the number of units sold gives total sales revenue. The other choices are not standard names for this calculation, so option a is correct.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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