Which of the following is necessary to calculate the variable cost of production for the company to develop a profit model?
A) unit sale price
B) quantity of item produced
C) quantity of item sold
D) fixed cost of production

Question

Quizplus · Accepted Answer

Variable costs are costs that change in proportion to the good or service that a business produces. To calculate the variable cost of production, you need to know the quantity of the item produced, as variable costs are incurred for each unit produced.

Which of the Following Is Necessary to Calculate the Variable