Select cost information for Fresh As a Daisy Co. is as follows:

	Total cost at 100,000 units of output	Total cost at 105,000 units of output
Cost 1	$250,000	$255,000
Cost 2	$325,000	$341,250
Cost 3	$160,000	$164,000

Which of these total costs listed above would be considered a variable cost (assume both levels of activity are within the firm’s relevant range of production)?

None of these are variable costs

Cost 2 only

Cost 1 and Cost 2 only

Cost 2 and Cost 3 only

All of these are variable costs

Answer rating: 100% (QA)

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