Which of the following is a characteristic of a variable cost? A) Variable costs vary in...

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Which of the following is a characteristic of a variable cost? A) Variable costs vary in total with production and sales. B) Variable costs are variable per unit, and fixed in total. C) Variable costs do not change in total over the relevant range. D) All of the above are characteristics of variable costs. Which of the following is a fixed cost? A) direct materials B) units-of-production depreciation C) sales commissions D) straight-line depreciation Renting a car and paying $15 per day plus S.03 per mile driven is an example of what type of cost? A) fixed cost B) variable cost C) mixed cost D) conversion cost Jenny was reviewing the water bill for her doggy day spa and determined that her highest bill, $3,000, occurred in July when she washed 2,000 dogs and her lowest bill, $2,000, occurred in November when she washed 1,000 dogs. What was the fixed rate for Jenny's water bill? A) $1,000 B) $1,500 C) $2,000 D) $3,000 Which of the following is a characteristic of a variable cost? A) Variable costs vary in total with production and sales. B) Variable costs are variable per unit, and fixed in total. C) Variable costs do not change in total over the relevant range. D) All of the above are characteristics of variable costs. Which of the following is a fixed cost? A) direct materials B) units-of-production depreciation C) sales commissions D) straight-line depreciation Renting a car and paying $15 per day plus S.03 per mile driven is an example of what type of cost? A) fixed cost B) variable cost C) mixed cost D) conversion cost Jenny was reviewing the water bill for her doggy day spa and determined that her highest bill, $3,000, occurred in July when she washed 2,000 dogs and her lowest bill, $2,000, occurred in November when she washed 1,000 dogs. What was the fixed rate for Jenny's water bill? A) $1,000 B) $1,500 C) $2,000 D) $3,000

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