Which of the following is an example of a variable cost for a firm? Property tax...

Which of the following is an example of a variable cost for a firm?

Property tax

Insurance

Rent Raw materials

Machinery depreciation

Expert Solution

--Correct Answer = "Raw Material" is an example of a variable cost for a firm.

>variable cost are those cost that are variable or dependent on units produced, or purchased.

>raw material cost is variable. FOr example, if raw material can be purchased at $2 per unit, total cost to be purchase 1000 units would be $ 2000, Total cost to purchase 3000 units would be $ 6000. Hence, Variable.

>Property tax, Insurance, Rent and Depreciation are all FIXED cost.

ekkarill92 answered 2 years ago

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