You are given the following cost and volume information:
$$\begin{array} { c c }
\begin{array} { c }
\text { Volume } \
(\text { in units })
\end{array} &\begin{array} { c }
\text { Total Cost } \
( \text { in })
\end{array}\
\hline 200 & \$ 1000 \
400 & 2000 \
600 & 3000
\end{array}$$
Which type of cost is given?
A) Variable
B) Fixed
C) Step
D) Mixed

Question

You are given the following cost and volume information:
$$\begin{array} { c c } 
\begin{array} { c } 
\text { Volume } \
(\text { in units })
\end{array} &\begin{array} { c } 
\text { Total Cost } \
( \text { in })
\end{array}\
\hline 200 & \$ 1000 \
400 & 2000 \
600 & 3000
\end{array}$$
Which type of cost is given?
A) Variable
B) Fixed
C) Step
D) Mixed

Quizplus · Accepted Answer

The given information includes volume, indicating that the cost changes with the level of activity. This is characteristic of a variable cost.

You Are Given the Following Cost and Volume Information Which Type of Cost Is Given? A) Variable B) Fixed

You Are Given the Following Cost and Volume Information Which Type of Cost Is Given?
A) Variable
B) Fixed