​For a Restaurant,all the Following Are Examples of Variable Costs,except

question 35

Multiple Choice

​For a restaurant,all the following are examples of variable costs,except

• A)​Labor costs
• B)Cost of raw materials
• C)Rents on dining space
• D)​None- all of them are variable costs

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Definitions:

Cost of Goods Sold

Costs directly associated with creating the products a company sells, including the expenses for materials and labor.

Purchases and Sales

Transactions involving the buying and selling of goods and services.

FIFO Perpetual

A method in the perpetual inventory system where the first items bought are the first to be sold, continuously updating inventory records.

Cost of Goods Sold

The total cost directly involved in producing goods or services, which are sold during a particular period.