Determine whether the statements that follow refer to fixed or variable costs. (1) A cost that does
Question:
Determine whether the statements that follow refer to fixed or variable costs.
(1) A cost that does not change in total with changes in volume of activity.
(2) A cost that does not change on a per unit basis with changes in volume of activity.
(3) A cost that changes in total with changes in volume of activity.
(4) A cost that changes on a per unit basis with changes in volume of activity.
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