Which of the Following Would Generally Be Considered Variable Costs

question 97

Multiple Choice

Which of the following would generally be considered variable costs?

• A) Labor
• B) Rent
• C) Insurance
• D) Depreciation

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Definitions:

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Accounting System

A set of processes and tools used by entities to track financial transactions, maintain accurate records, and prepare financial statements.

Navigating QBO

The process of efficiently moving through QuickBooks Online’s interface to utilize its comprehensive features for managing financial tasks.

Financial Dashboard

A specialized dashboard focused on displaying key financial metrics and performance indicators to help in decision-making.