Which of the following costs do you think is more likely to be a variable cost? A fixed cost? A semivariable cost?

a. Repairs to factory equipment

b. A royalty paid by a manufacturing compEiny to a patent owner for using the patent to make a product.

c. Payments made to lease factory equipment used in the manufacturing process

d. Factory payroll taxes

e. Electric power costs

f. Direct materials g. Ad valorem taxes paid on factory equipment h. Insurance on factory equipment LO.1