Answer:
See below
Explanation:
Variable costs are business expenses that vary with the production volume. An increase in output increases variable costs.
Examples of variable costs for a manufacturer of supermarket ready meals will include
- Raw materials used to produce meals such as food ingredients and cooking oil.
- Transportation and distribution costs incurred in ferrying the meals to the supermarket.
- Packaging materials used into pack or wrap means as they get delivered.
- Marketing costs such as sales promotions and merchandising expenses in the supermarket
