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