Question: Click to watch the Tell Me More Learning Objective 1 video and then answer the questions below. 1 . Costs that do not change with

Click to watch the Tell Me More Learning Objective 1 video and then answer the questions below.
1. Costs that do not change with the change in the level of production for some time is classified as ________.
a. variable costs
b. fixed costs
c. mixed costs
d. None of these choices are correct.
2. Under variable costing, the cost of goods manufactured consists of all except
a. direct materials.
b. direct labor.
c. variable factory overhead.
d. fixed factory overhead.
3. Costs that have characteristics of both a variable cost and a fixed cost are classified as ________.
a. variable costs
b. fixed costs
c. mixed costs
d. None of these choices are correct.

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