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1. Indicate which of the following statements are true/false. a. Variable cost does not increase in proportion to output b. Variable cost per unit remain
1. Indicate which of the following statements are true/false. a. Variable cost does not increase in proportion to output b. Variable cost per unit remain constant c. Sunk costs are relevant to decision making d. Fixed cost does not change in the same proportion in which output changes e. Administrative expenses are mostly fixed f. Cost of sales is equal to prime cost and works cost g. Cost centers and cost units are same h. Financial accounting provides information for cost control i Variable cost increase with the fixed cost J Fixed per unit increases with rise in output and decreases with fall in output. K Marginal costing is the permanent solution to absorption costing approach L Sum of Material mix and yield variances will be equal to Material price variance 05x12-6
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