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Fixed and Variable Costs

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Test your knowledge about fixed and variable costs!

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Fixed and Variable Costs
 

Fixed and Variable CostsOnline version

Test your knowledge about fixed and variable costs!

by sarah ayyad
1

Electricity bills are fixed costs.

2

Sales commissions are considered variable costs.

3

Property taxes are variable costs.

4

Rent is an example of a fixed cost.

5

Variable costs remain constant regardless of the level of production.

6

Sales commissions are considered fixed costs.

7

Direct labor is an example of a fixed cost.

8

Rent is an example of a variable cost.

9

Raw materials are considered fixed costs.

10

Property taxes are fixed costs.

11

Insurance premiums are considered fixed costs.

12

Fixed costs remain constant regardless of the level of production.

13

Depreciation of equipment is a variable cost.

14

Depreciation of equipment is a fixed cost.

15

Variable costs change in direct proportion to the level of production.

16

Raw materials are considered variable costs.

17

Insurance premiums are considered variable costs.

18

Direct labor is an example of a variable cost.

19

Electricity bills are variable costs.

20

Fixed costs change with the level of production.

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