which of the following is a variable cost? course hero

What is a variable cost?

Variable costs are costs that change in proportion to the good or service that a business produces. Variable costs are also the sum of marginal costs over all units produced.

Which best describes a variable cost for a bread bakery?

Answer B. Bread ingredients is correct because the cost of the ingredients will change based on the amount of ingredients they need to purchase; it will likely not remain constant from week to week. A variable cost for a bread bakery would be one that fluctuates with the rise and fall of production levels of the bread.

What makes up the two components of total cost?

Fixed costs and variable costs make up the two components of total cost. Expenditure is where a business has to spend money to survive. profit is the money a business has left over after all their expensive have been paid.

What are three common examples of fixed costs?

Select three common examples of fixed costs from the list below. Renting a space Promotion costs Insurance Sets found in the same folder 3.06 Quiz: Section 2: Costs and Profit 15 terms sovrwolf 4.06 Quiz 15 terms sovrwolf Marketing 3.3 6 terms lpfountain 5.06 QUIZ: SECTION 4: MONEY MANAGEMENT 15 terms guacamole5 Sets with similar terms Random

Which of the following is a variable cost example?

Examples of variable costs are sales commissions, direct labor costs, cost of raw materials used in production, and utility costs.

What are 3 examples of variable costs?

Variable costs are costs that change as the volume changes. Examples of variable costs are raw materials, piece-rate labor, production supplies, commissions, delivery costs, packaging supplies, and credit card fees. In some accounting statements, the Variable costs of production are called the “Cost of Goods Sold.”

Which of the following describes a variable cost?

Option B is the best answer: Costs that vary in total in direct proportion to changes in the level of activity. The total variable expenses change in the direct proportion of change in activity level, i.e., quantity produced.

What is variable cost Mcq answer?

Solution(By Examveda Team) Variable cost per unit remains constant irrespective of the level of output. A variable cost is a corporate expense that changes in proportion to production output.

Which is an example of a variable cost quizlet?

An example of a variable cost is: a payment to your raw materials supplier.

What is a variable cost quizlet?

Variable costs are those costs that vary depending on a company's production volume; they rise as production increases and fall as production decreases. Variable costs differ from fixed costs such as rent, advertising, insurance and office supplies, which tend to remain the same regardless of production output.

Which of the following is not a variable cost?

Q.Which of the following is not an example of variable costB.piece-rate wages paid to manufacturing workersC.wood used to make furnitureD.commissions paid to sales personnelAnswer» a. straight line depreciation on a machine expected to last five years1 more row

How do you find the variable cost?

To calculate variable costs, multiply what it costs to make one unit of your product by the total number of products you've created. This formula looks like this: Total Variable Costs = Cost Per Unit x Total Number of Units.

Is rent a variable cost?

Variable costs may include labor, commissions, and raw materials. Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.

Which of the following is not a variable input Mcq?

Q.Which of the following is not a variable inputB.powerC.equipmentD.none of theseAnswer» c. equipment1 more row

Is variable cost per unit constant?

On a per unit basis, a variable cost per unit remains constant but the total amount of variable cost changes with the level of production. When production volume and variable costs are graphed, a. Variable cost is represented by a straight line starting at the zero cost level.

Answer

Variable costs are costs that can be modified in the short term, such as wages and inputs in the production process. The more inputs and the more workers, the higher the variable costs. If the cost gets too high, you can fire the worker and buy fewer inputs.

New questions in Business

In a supply chain, _____ involve the transformation, movement, and storage of supplies and raw materials.