After reading an article you recommended on cost behavior, your client asks you to explain the following

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After reading an article you recommended on cost behavior, your client asks you to explain the following excerpt from it: "Fixed costs are variable per unit of output and variable costs are fixed per unit of output, though in the long run all costs are variable." Explain the meaning of this excerpt to your client. pg65

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Cost Accounting Concepts And Applications For Managerial Decision Making

ISBN: 9780070103108

2nd Edition

Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg

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