Indicate which of the costs below are variable costs (check all that apply): The

ID: 2514283 • Letter: I

Question

Indicate which of the costs below are variable costs (check all that apply):

The software needed to design the toy

The plastic used to make the toys

The insurance taken on the toy production plant

The fee paid to a designer to design the look of the toy

The paint used to decorate the toys

The packaging materials used to box the individual toys

The cost of the machines used to manufacture the toys

The labor used to assemble each toy

The software needed to design the toy

The plastic used to make the toys

The insurance taken on the toy production plant

The fee paid to a designer to design the look of the toy

The paint used to decorate the toys

The packaging materials used to box the individual toys

The cost of the machines used to manufacture the toys

The labor used to assemble each toy

The software needed to design the toy – It is a Fixed cost as it is incurred only once

The plastic used to make the toys – It is a variable cost as it will be used every time the product is manufactured

The insurance taken on the toy production plant - It is a Fixed cost as it is incurred on an annual basis

The fee paid to a designer to design the look of the toy - It is a Fixed cost as it is incurred only once

The paint used to decorate the toys - It is a variable cost as it will be used every time the product is manufactured

The packaging materials used to box the individual toys - It is a variable cost as it will be used every time the product is manufactured

The cost of the machines used to manufacture the toys - It is a Fixed cost as it is incurred only once

The labor used to assemble each toy - It is a variable cost as it will be used every time the product is manufactured