1.) Defined as the total amount accumulated when the total output is multiplied to its selling price.

A. Profit

B. Total Revenue

C.Total Fixed Cost

D. Total Cost

2.) Care Inc. is company that manufactures cute, little stuffed toys. In their production, they are using massive washing machines that needs maintenance every 2 months for PHP 5,000. This expense is classified as

A. Variable Cost

B. Sunk Cost

C. Recurring Cost

D. Overhead Cost

3.) Care Inc. is company that manufactures cute, little stuffed toys. In their production, they are using expensive clothes for the body of the stuffed toys that costs PhP 300 per ton when exported from China every end of the month. This expense is classified as

A. Investment Cost

B. Fixed Cost

C. Direct Cost

D. Variable Cost

4.) Care Inc. is company that manufactures cute, little stuffed toys. Just right after their patent application, they constructed a distribution warehouse in Manila City (This expense is considered retrievable since they are planning to lease the warehouse after 5 years). This expense is classified as

A. Fixed Cost

B. Book Cost

C. Nonrecurring Cost

D. Sunk Cost

5.) Care Inc. is company that manufactures cute, little stuffed toys. After 10 years, their washing machine was decided to be discarded due to malfunctions. They used the service of a moving company for PhP 7,000 due to the machines size. This expense is classified as

A. Sunk Cost

B. Indirect Cost

C. Disposal Cost

D. Depreciation Cost