Homework Answers
Answer
- Properties of a variable cost include:
>They remain same and constant on ‘per unit’ basis, whether the output increases or decreases.
>They changes in ‘totality’ when output increases or decreases. - In the given case, ‘Cost per unit of material’ is stating the SAME and is not changing.
- Hence,
Correct Answer = Option #1: Cost per unit of Material is a Variable Cost.
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