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Pitt Steel typically achieves one of three production levels in any given year: 5 million pounds of steel, 10 million pounds of steel, or 15

Pitt Steel typically achieves one of three production levels in any given year: 5 million pounds of steel, 10 million pounds of steel, or 15 million pounds of steel. In tracking some of its costs, Pitt's controller discovered one cost that was $ 9 per pound at all production level. This is an example of a

fixed cost.

variable cost.

semivariable cost.

semifixed cost.

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