3. A variable cost is: (3 points) a. The cost that depends on...

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Accounting

3. A variable cost is: (3 points)
a. The cost that depends on the activity level such as direct labor and raw material has been
used.
b. All operating costs that are not raw materials or direct labor.
c. A constant (relatively) cost regardless of the activity level.
d. The amount of a past transaction, such as asset depreciation, that is recorded as part of
bookkeeping.

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