What is a Variable Cost?

$CH8$

$(4)$

A$.$ The activity level or volume of an operation.

B$.$ Costs that are expressed as FTE's.

C$.$ Costs that have mixed elements

D$.$ Costs vary in direct proportion to changes in activity levels.

Which of the following is a fixed cost?

$CH8$

$(4)$

A$.$ Rent Expense

B$.$ Food Costs

C$.$ Medical Waste

D$.$ Laundry Costs

What is NOT an inventory method?

$CH10$

$(4)$

A$.$ LIFO

B$.$ FIFO

C$.$ Weighted Average

D$.$ Sum of the Digits