________ costs are costs that remain the same despite the volume of goods or services produced. ________ costs vary proportionally with the volume of goods or services provided.
A) Expense; Non-standard
B) Standard; Non-Standard
C) Fixed; Variable
D) Non-Standard; Standard
E) Variable; Fixed

Question

Quizplus · Accepted Answer

Fixed costs are costs that do not change with the volume of goods or services produced, such as rent or salaries. Variable costs are costs that increase with the volume of goods or services provided, such as the cost of raw materials or labor.

________ Costs Are Costs That Remain the Same Despite the Volume