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All of the statements below relate to variable and fixed costs. Check all the statements below that are true. ( Hint: This is not a
All of the statements below relate to variable and fixed costs. Check all the statements below that are true. Hint: This is not a typical multiple choice question. You should select more than one answer below Check All That Apply An example of a fixed cost would be the cost of gas you put into your car each monthAn example of a fixed cost would be the cost of gas you put into your car each month A variable cost changes in proportion to changes in volume of activityA variable cost changes in proportion to changes in volume of activity An example of a variable cost would be the direct labor used for a bakery specializing in making wedding cakesAn example of a variable cost would be the direct labor used for a bakery specializing in making wedding cakes The total amount of a fixed cost each period does not change in proportion to volume of activity, but the amount of a fixed cost per unit does change in proportion to volume of activityThe total amount of a fixed cost each period does not change in proportion to volume of activity, but the amount of a fixed cost per unit does change in proportion to volume of activity The total amount of a variable cost each period does not change in proportion to volume of activity, but the amount of a variable cost per unit does change in proportion to volume of activity
All of the statements below relate to variable and fixed costs. Check all the statements below that are true. Hint: This is not a typical multiple choice question. You should select more than one answer below
Check All That Apply
An example of a fixed cost would be the cost of gas you put into your car each monthAn example of a fixed cost would be the cost of gas you put into your car each month
A variable cost changes in proportion to changes in volume of activityA variable cost changes in proportion to changes in volume of activity
An example of a variable cost would be the direct labor used for a bakery specializing in making wedding cakesAn example of a variable cost would be the direct labor used for a bakery specializing in making wedding cakes
The total amount of a fixed cost each period does not change in proportion to volume of activity, but the amount of a fixed cost per unit does change in proportion to volume of activityThe total amount of a fixed cost each period does not change in proportion to volume of activity, but the amount of a fixed cost per unit does change in proportion to volume of activity
The total amount of a variable cost each period does not change in proportion to volume of activity, but the amount of a variable cost per unit does change in proportion to volume of activity
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