For a given accounting period, which of the following is likely to represent primarily variable costs?
A)cost of goods sold
B)general and administrative expenses
C)depreciation expense
D)interest expense

Question

Quizplus · Accepted Answer

Cost of goods sold is the cost directly associated with the production of goods or services, and typically includes variable costs such as materials, labor, and overhead. General and administrative expenses, depreciation expense, and interest expense are typically fixed costs that do not vary with the level of production.

For a Given Accounting Period, Which of the Following Is