Question

Variable costs change with Group of answer choices changes in target return pricing. changes in fixed costs. changes in the quantity being produced. competitive parity. changes in cross-price elasticity.

Answer 1

Answer:

changes in the quantity being produced.

Explanation:

There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes while the fixed cost is the cost that remains unchanged whether or not the level of production changes

So, indirect material, indirect labor, and factory supplies are included in the variable cost, and the fixed cost includes supervision, taxes, and depreciation costs.