Veritas is a startup that makes running t-shirts using high-tech fabric. The company has the following cost structure:

Total cost = $50,000 + ($25 number of t-shirts)

The amount $25:

Group of answer choices

is the mixed rate.

is the variable rate.

is the committed variable.

is the dependent variable.

The amount $50,000 is the:

Group of answer choices

Overhead Rate

Cost of Direct Material

Cost of Good Sold

Fixed Cost

Total Variable Cost