QUESTION IMAGE
Question
which expense is a variable cost?
insurance payments
monthly rent on a store
weekly advertisement picture in a journal
hourly wages for an office employee
Brief Explanations
Variable costs change with the level of production or business activity. Insurance payments, monthly rent, and weekly advertisement pictures are fixed as they don't vary with output. Hourly wages for an office employee can vary (e.g., more hours worked = higher cost).
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
Hourly wages for an office employee