Question: Given the cost behavior in the table below, which of the three costs is a variable cost? Cost 1 Cost 2 Cost 3 Month Units

  1. Given the cost behavior in the table below, which of the three costs is a variable cost?

    Cost 1 Cost 2 Cost 3
    Month Units Produced Total Costs Cost per Unit Total Costs Cost per Unit Total Costs Cost per Unit
    1 60 $150 $2.50 $250 $4.17 $200 $3.33
    2 90 250 $2.78 $250 $2.78 $300 $ 3.33

    Cost 1

    None of the three are variable costs

    Cost 2

    Cost 3

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