Asked by
Dajuan Niver
on Oct 12, 2024Verified
Each of the following is a variable cost except
A) raw material costs.
B) hourly wages.
C) rent.
D) advertising costs.
Variable Cost
Expenses that change in proportion to the activity or production level of a business; for example, costs for raw materials that increase as more goods are produced.
Rent
A payment made periodically by a tenant to a landlord in exchange for the use of land, a building, or another property.
- Acquire insight into the concept and repercussions of marginal cost in the production sphere.
Verified Answer
AV
Learning Objectives
- Acquire insight into the concept and repercussions of marginal cost in the production sphere.