Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A fixed cost remains constant in total at various levels of activities Select one: O True False A variable cost is a cost that

image text in transcribed

A fixed cost remains constant in total at various levels of activities Select one: O True False A variable cost is a cost that Select one: OA. may or may not be incurred, depending on management's discretion. B. varies in total in proportion to changes in the level of activity. OC. occurs at various times during the year. OD. varies per unit at every level of activity. Clear my choice With more units sold, total sales Select one: a. decreases Ob remains the same Oc. increases Which of the following costs are fixed? Select one: OA 2 OB B OC. 1 Cost 10,000 Units 30,000 Units 1. $100,000 $300,000 2. 40,000 60,000 3. 90,000 90,000 A mixed cost has both selling and administrative cost elements. Select one O True False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

9th edition

9781285401072, 1111971722, 1285401077, 978-1111971724

More Books

Students also viewed these Accounting questions