Which of the following is the term for a cost that changes in total in direct proportion to a change in volume?

Question

Quizplus · Accepted Answer

Variable costs change in total in direct proportion to a change in volume, meaning the more units of a product produced or sold, the higher the variable cost will be. Fixed costs, on the other hand, remain the same regardless of changes in volume, while mixed costs are a combination of fixed and variable costs. Sunk costs are costs that have already been incurred and cannot be recovered.

Which of the Following Is the Term for a Cost