CHISE ONLY 32

Suppose, Home Style is a well-known furniture manufacturer in the UAE. To meet the increasing demand, the company increased the production of some furniture items. As a result, there was an increase in the cost of raw materials such as plywood, timber and plastic etc. What do you call the amount spent by Home Style on these resources?

a.

Average cost

b.

Marginal cost

c.

Variable cost

d.

Fixed Cost