Select the appropriate classification of each of the costs listed below.Each classification may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Cost of inspections, with respect to number of inspections
A)Variable cost
B)Fixed cost

Question

Quizplus · Accepted Answer

The cost of inspections varies with the number of inspections conducted. As more inspections are conducted, the cost of inspections will increase, and as fewer inspections are conducted, the cost of inspections will decrease. Therefore, the cost of inspections is a variable cost.

Select the Appropriate Classification of Each of the Costs Listed