6 1.42 points 8 00:42:01 eBook Print References M5-3 (Static) Defining Cost Behavior [LO 5-1] Select the appropriate definition for each of the following costs: Required: A. Varies directly and proportionally with changes in volume. B. Varies inversely with the activity level. C. Remains constant in the short run, regardless of changes in activity. D. Constant over small ranges of output, but increases as levels of activity increase. 1. Fixed cost per unit 2. Fixed costs in total 3. Variable cost per unit 4. Variable costs in total 5. Step costs D

M5-3 (Static) Defining Cost Behavior [LO 5-1] Select the appropriate definition for each of the following costs: Required: A. Varies directly and proportionally with changes in volume. B. Varies inversely with the activity level. C. Remains constant in the short run, regardless of changes in activity. D. Constant over small ranges of output, but increases as levels of activity increase. M5-3 (Static) Defining Cost Behavior [LO 5-1] Select the appropriate definition for each of the following costs: Required: A. Varies directly and proportionally with changes in volume. B. Varies inversely with the activity level. C. Remains constant in the short run, regardless of changes in activity. D. Constant over small ranges of output, but increases as levels of activity increase