Which one of the following is a variable cost in a grocery store?
A)rent
B)president's salary
C)inventory of vegetables
D)property taxes
E)administrative salaries

Question

Quizplus · Accepted Answer

Variable costs are directly tied to the volume of goods or services produced by a business. Inventory of vegetables is a variable cost because it will change based on the amount of vegetables sold. Rent, president's salary, property taxes, and administrative salaries are fixed costs, which do not vary with the amount of goods or services produced.

Which One of the Following Is a Variable Cost in a Grocery