Costs that change,in total,in direct proportion to changes in productive output,or activity,are called variable costs.

Name: Costs that change,in total,in direct proportion to changes in productive output,or activity,are called variable costs.
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

Variable costs vary in direct proportion to changes in productive output, so as the level of activity increases, the total variable cost will increase, and as the level of activity decreases, the total variable cost will decrease.

Costs That Change,in Total,in Direct Proportion to Changes in Productive