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Select cost information for Fresh As a Daisy Co. is as follows: Total cost at 100,000 units of output Total cost at 105,000 units of
Select cost information for Fresh As a Daisy Co. is as follows:
| Total cost at 100,000 units of output | Total cost at 105,000 units of output |
Cost 1 | $250,000 | $255,000 |
Cost 2 | $325,000 | $341,250 |
Cost 3 | $160,000 | $164,000 |
Which of these total costs listed above would be considered a variable cost (assume both levels of activity are within the firms relevant range of production)?
Group of answer choices
None of these are variable costs
Cost 2 only
Cost 1 and Cost 2 only
Cost 2 and Cost 3 only
All of these are variable costs
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