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