Answer : 4. "Direct Materials"
Explanation :

Answer: D) Direct Materials Explanation: Direct Materials doesn't come under Fixed Cost because it vary with changes in the activity level of a business. Fixed Cost : A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels. It is of some importance to understand the extent and nature of the fixed costs in a business, since a high fixed-cost level requires a business to maintain a high revenue level in order to avoid generating losses. Examples of Fixed Cost are: Insurance, Salaries, Rent, Property Taxes,...