Items such as raw materials and labor costs, which change with the level of production, are known as:
A) variable costs.
B) fixed costs.
C) losses.
D) total costs.

Name: Items such as raw materials and labor costs, which change with the level of production, are known as: A) variable costs. B) fixed costs. C) losses. D) total costs.
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Question

Quizplus · Accepted Answer

Variable costs change with the level of production, such as raw materials and labor costs. Fixed costs remain constant regardless of production levels.

Items Such as Raw Materials and Labor Costs, Which Change