Fixed and Variable CostsOnline version Test your knowledge about fixed and variable costs! by sarah ayyad 1 Rent is an example of a variable cost. Yes No 2 Direct labor is an example of a variable cost. Yes No 3 Electricity bills are fixed costs. Yes No 4 Sales commissions are considered variable costs. Yes No 5 Variable costs remain constant regardless of the level of production. Yes No 6 Electricity bills are variable costs. Yes No 7 Property taxes are fixed costs. Yes No 8 Fixed costs change with the level of production. Yes No 9 Rent is an example of a fixed cost. Yes No 10 Fixed costs remain constant regardless of the level of production. Yes No 11 Raw materials are considered variable costs. Yes No 12 Insurance premiums are considered variable costs. Yes No 13 Sales commissions are considered fixed costs. Yes No 14 Depreciation of equipment is a fixed cost. Yes No 15 Variable costs change in direct proportion to the level of production. Yes No 16 Insurance premiums are considered fixed costs. Yes No 17 Depreciation of equipment is a variable cost. Yes No 18 Property taxes are variable costs. Yes No 19 Direct labor is an example of a fixed cost. Yes No 20 Raw materials are considered fixed costs. Yes No
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