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Which costs are a function of quantity sold, not time?

Question:

Which costs are a function of quantity sold, not time?

Cost Accounting

Cost accounting is a branch of accounting that studies and determine the types of costs that a business is spending and incur. Additionally, it has an overall impact on the company's production and bottom line.

Answer and Explanation:

The correct answer is variable costs

Variable cost is one of the components of total costs that usually change with the level of output. Variable costs will only incur if the business keeps on producing goods and stops will business stop producing.


Learn more about this topic:

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The Role of Cost Accounting in Management

from NYSTCE Business and Marketing (063): Practice and Study Guide

Chapter 14 / Lesson 9
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