Examlex
The following table displays some of the data collected by the above research firm in their study of online shopping. List the variables in the data set. Indicate whether each variable is categorical or quantitative. If the variable is quantitative, give the units.
Variable Cost Per Unit
The cost that varies with each unit of product produced, including costs like materials and labor that increase with production volume.
Variable Selling
Costs that vary directly with the level of sales or production volume, such as commissions or shipping charges.
Administrative Expenses
Costs related to the general operation of a company, such as executive salaries, office supplies, and legal fees.
High-low Method
A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity during a period.
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