Which of the following is a characteristic of a variable cost?Group of answer choicesUnit variable costs do not change with a change in volume.Total variable costs have an inverse relationship with volume changes.Total variable costs do not change with a change in volume.Unit variable costs change with a change in volume

Multiple Choice QuestionWhich of the following is the correct statement about variable costs?Multiple choice question.The variable cost per unit will decrease when volume increases.The variable cost per unit does not change when volume changes.The variable cost per unit will increase when volume increases.

Which of the following is not true for the variable cost?ans.Costs like insurance, license fees, etc are example of variable costEconomic of scale greatly effects variable costInitially with increase in production variable cost per quantity reduces but beyond some point it increases sharplyVariable cost is zero when output quantity is zero Previous Marked for Review Next

Which is an example of a variable cost?

) Which one of the following is a variable cost?Select one answer. (1)A Rent paidB Management salariesC Insurance agreedD Raw materials

Which of the following is characteristic of a dependent variable?Multiple choice question.influenced by the independent variablecauses other variables to act or reactpredicts changehas little to do with the independent variable