Which of the following is a variable cost? A cost that is $52,000 when production is...
Which of the following is a variable cost?
A cost that is $52,000 when production is 65,000, and $52,000 when production is 91,000.
A cost that is $26,000 when production is 65,000, and $52,000 when production is 91,000.
A cost that is $26,000 when production is 65,000, and $36,400 when production is 91,000.
A cost that is $26,000 when production is 65,000, and $26,000 when production is 91,000.
Homework Answers
Out of the given statements, variable cost is:
A cost that is $26,000 when production is 65,000, and $36,400 when production is 91,000.
Correct option is (c)
Variable cost per unit remains same at all the levels of output.
Variable cost per unit when 65,000 units are produced = 26,000/65,000
= $0.4
Variable cost per unit when 91,000 units are produced = 36,400/91,000
= $0.4
Costs given in statements (a) and (d) are fixed costs and cost given in statement (b) is a mixed cost.
Kindly comment if you need further assistance. Thanks
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