Which of the Following Is Not a Variable Cost

question 3

Multiple Choice

Which of the following is not a variable cost?

• A)direct materials
• B)direct labor
• C)delivery costs
• D)rent
• E)all of the above are variable costs

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Definitions:

Expected Value

The anticipated mean or average value of a random variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Slot Machine

A gambling device that generates random combinations of symbols on a dial, offering prizes to players based on the alignment of these symbols.

Casino's Profit

Describes the net revenue that a casino generates from its gaming and non-gaming operations, after accounting for all operational expenses.

Pays Out

Refers to the act of distributing or disbursing money, such as dividends to shareholders or winnings to gamblers.