Variable costs vary with the level of production or sales volume.

Name: Variable costs vary with the level of production or sales volume.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Variable costs are costs that change with the level of production or sales volume. Examples of variable costs include raw materials, labor costs, and utilities. As production or sales increase, variable costs also increase, and as production or sales decrease, variable costs decrease as well.

Variable Costs Vary with the Level of Production or Sales