Kizspy | Question: 18
(Choose 2 answers)
A cost can be either variable or fixed. Which of the following statements are correct (choose 2 answers)?
A. Variable costs: These costs change with the amount of production. Examples include the cost of material,
supplies, and wages.
B. Fixed costs: These costs do not change as production changes. Examples include the cost of setup, rent,
utilities, etc.
C. Fixed costs: These costs change with the amount of production. Examples include the cost of material,
supplies, and wages.
D. Variable costs: These costs do not change as production changes. Examples include the cost of setup,
rent, utilities, etc.
