variable cost refers to variable cost expressed
A) as the sum of all units sold.
B) on a per unit basis for a product.
C) as a percentage of total sales.
D) as a percentage of fixed costs.
E) as a percentage of total costs.

Question

Quizplus · Accepted Answer

Variable cost refers to costs that vary with the level of production or sales, and is typically expressed on a per unit basis for a product. It does not necessarily depend on the total units sold, total sales, or fixed costs. Therefore, option B is the correct answer.

Variable Cost Refers to Variable Cost Expressed