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Ram Steel Co. typically achieves one of three production levels in any given year: 25 million pounds of steel, 18 million pounds of steel, or
Ram Steel Co. typically achieves one of three production levels in any given year: 25 million pounds of steel, 18 million pounds of steel, or 12 million pounds of steel. In tracking some of its costs, Ram's controller discovered one cost that was $15 per pound at all production level. This is an example of a
A. fixed cost.
B. variable cost.
C. semivariable cost.
D. semifixed cost.
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