Which one of the following would be considered a step cost? (a) A cost which is fixed

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Which one of the following would be considered a step cost?

(a) A cost which is fixed in the short term but in the long run may change

(b) A cost which does not tend to change over time

(c) A cost which changes with the level of production

(d) A cost which is incurred for one period only

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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