Costs that vary in direct proportion to changes in the level of project activities best defines
A)variable costs.
B)fixed costs.
C)flexible costs.
D)nonspecific costs.

Question

Quizplus · Accepted Answer

Variable costs are expenses that fluctuate in direct correlation to changes in the level of project activities. Examples of variable costs include labor costs and the cost of raw materials used in project production.

Costs That Vary in Direct Proportion to Changes in the Level