Variable costs
A) are fixed in total as production levels change.
B) are fixed per unit and vary in total as productions levels change.
C) decrease per unit as production volume increases.
D) vary per unit of output as production levels change.

Question

Quizplus · Accepted Answer

Variable costs are costs that vary in total with the level of production but are fixed per unit. This means that the total variable cost increases as production increases, but the cost per unit remains constant.

Variable Costs