Which of the following is a variable cost?Group of answer choicesstraight-line depreciationrent expensewages of production workersproperty insurance
Question
Which of the following is a variable cost?Group of answer choicesstraight-line depreciationrent expensewages of production workersproperty insurance
Solution
The variable cost among the options provided is "wages of production workers". This is because variable costs are those that change in proportion to the level of output or production. In this case, as more workers are hired or as workers work more hours (increased production), the total wage expense will increase. On the other hand, costs such as straight-line depreciation, rent expense, and property insurance are typically fixed costs, as they do not change with the level of output or production.
Similar Questions
) 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 are variable costs?1) Staff salary2) Tax expense3) Advertisement expense4) Business CommissionQuestion 2Select one:a.2,3b.1,2,3,4c.1,4d.2,4
Which of the following is an example of a variable cost?Question 21Answera.Property taxes on the factory buildingb.Factory manager's salaryc.Depreciation on factory equipmentd.Direct materials used in productionClear my choice
Which one is an example of setup cost?Group of answer choicesBusiness insuranceTaxesRaw materials costCleaning previous materialsMachine depreciation
The variable costs incurred change depending on the level of output of product goods and services of an enterprise?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.