Based on the behavior shown in the following table, which of the following is a variable cost? Units Produced a. Cost Per Unit of Materials b. Total Labor Cost c. Total Utilities Cost Multiple Choice Materials cost Labor cost Utilities cost 2 3 4 5 500 500 500 500 3,000 4,500 6,000 7,500 4,500 4,500 4,500 4,500 Both materials and labor costs are variable costs. < Prev 56 7 of 21 Next >