1. Which of the following is most likely a variable cost?
2. Depreciation taken on an office building,
3. Wages for production workers,
4. Interest on corporate bonds,
5. Rent on an office building,
6. None of the above.
7. Which of the following is most likely a fixed cost?
8. The cost of commissioned sales people,
9. Depreciation taken on equipment,
10. The cost of merchandise sold,
11. Income taxes,
12. All of the above.