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Question time
Posted by Saviour Uyinosa on August 4, 2024 at 12:33 pmWhich of the following is part of the budget for variable costs?
a. Cost of equipment (aerators, tanks, cages)
b. Cost of feed
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c. Cost of rent (or purchase of land)
d. Cost of permits required for production
Muhammad Zeeshan Asghar replied 1 year, 6 months ago 30 Members · 62 Replies -
62 Replies
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The correct answer is:
b. Cost of feed
Feed costs are considered variable costs, as they fluctuate based on production levels, while equipment, rent, and permits are typically fixed costs.
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