Which of the following is a variable cost?

Select one:

A.The cost of a marketing research report.

B.Insurance on the factory's physical plant.

C.Raw materials.

D.The leasehold cost of a building.

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Question13

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What is the termfor thehistorical costs of buying plant, machinery and equipment that havenocurrent resale value?

Select one:

A.Implicitcost.

B.Depreciation.

C.Long runcost.

D.Short runcost.

E.Sunkcost.

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Question14

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Depreciation is the annual cost of any asset that is expected to be in use for more than one year.

Select one:

True

False