Fixed and Variable CostsVersión en línea Test your knowledge about fixed and variable costs! por sarah ayyad 1 Raw materials are considered fixed costs. Yes No 2 Direct labor is an example of a variable cost. Yes No 3 Direct labor is an example of a fixed cost. Yes No 4 Rent is an example of a fixed cost. Yes No 5 Depreciation of equipment is a fixed cost. Yes No 6 Sales commissions are considered variable costs. Yes No 7 Insurance premiums are considered fixed costs. Yes No 8 Property taxes are fixed costs. Yes No 9 Raw materials are considered variable costs. Yes No 10 Property taxes are variable costs. Yes No 11 Variable costs remain constant regardless of the level of production. Yes No 12 Electricity bills are fixed costs. Yes No 13 Insurance premiums are considered variable costs. Yes No 14 Variable costs change in direct proportion to the level of production. Yes No 15 Fixed costs change with the level of production. Yes No 16 Rent is an example of a variable cost. Yes No 17 Sales commissions are considered fixed costs. Yes No 18 Depreciation of equipment is a variable cost. Yes No 19 Electricity bills are variable costs. Yes No 20 Fixed costs remain constant regardless of the level of production. Yes No
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