Question 14 Q: 14 Which of the following are variable costs? Options A: Rent B: Loan repayments C: Insurance D: Packaging Save Question Show Answer Discussion 0 Clear Discussion Most voted Newest No comments yet. Be the first to comment. Post Be respectful. No spam. Correct Answer: D Explanation Packaging is considered a variable cost because it fluctuates with the level of production or salesactivity. Variable costs change directly in relation to the volume of output or service. In contrast:Rent (A), Loan repayments (B), and Insurance (C) are fixed costs, as they generally do not vary withproduction levels within a certain range. These are recurring costs that remain constant over time,aligning with CIPS's cost classification in procurement.