Total costs in the short-term are classified into fixed costs and vari

1.	Total costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?
Answer» Cost of raw material Total costs in the short-term are CLASSIFIED into fixed costs and VARIABLE costs. Cost of raw material is a variable cost. Variable costs vary BASED on the AMOUNT of OUTPUT, while fixed costs are the same regardless of production output.

Total costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?

Answer»

Cost of raw material

Total costs in the short-term are CLASSIFIED into fixed costs and VARIABLE costs. Cost of raw material is a variable cost. Variable costs vary BASED on the AMOUNT of OUTPUT, while fixed costs are the same regardless of production output.

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Total costs in the short-term are classified into fixed costs and variable costs. Which one of the following is a variable cost?

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