Amul Food Factory in India makes ice cream and produces processed and condensed milk. In the factory, the firm's employees use milk and sugar. The firm runs on electricity and purchases raw milk every day. Large robotic assembly lines fill and package the ice cream containers. Large industrial freezers store the ice cream. Which of the following are variable costs for Amul Food Factory? (i) The cost of the raw milk purchased from farmers. (ii) The cost of buying the robotic assembly lines. (iii) The cost of buying electricity. (iv) The cost of buying industrial freezers. (v) The cost of sugar.

Group of answer choices