Question

The types of costs that change directly in relation to changes in volume are called

Answer 1

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The cost that changes directly in relation to changes in volume is called..

Variable cost...

This is the cost that incurred by producer on the variable factors to increase the volume of production...

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Answer 2

Variable and Fixed Costs:

Variable and Fixed Costs:There are two types of costs: Variable and Fixed costs. The difference between the two is that Variable costs are costs that change as the volume of the good or service that a company produces changes. While Fixed costs remain constant, stable or fixed for a normal production level.