Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Describe how total fixed costs and unit fixed costs behave with changes in the level of activity? Total fixed cost remains the same in dollar
Describe how total fixed costs and unit fixed costs behave with changes in the level of activity?
Total fixed cost remains the same in dollar amount regardless of activity level. For fixed cost as the activity level decreases the unit level increases and as the activity level increases the unit level decreases
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started