Select the best description for the following:
-$10.00 per machine hour
A)Fixed cost
B)Variable cost
C)Dependent variable
D)Independent variable
E)Variable rate
F)Cost equation

Name: Select the best description for the following: -$10.00 per machine hour A)Fixed cost B)Variable cost C)Dependent variable D)Independent variable E)Variable rate F)Cost equation
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is a variable rate because it changes based on the number of machine hours used; it's not fixed and varies with the level of activity.

Select the Best Description for the Following