Question
Regarding fixed and variable cost, which of the following statements is false: payroll can be either a fixed cost or a variable cost fixed cost
Regarding fixed and variable cost, which of the following statements is false:
| payroll can be either a fixed cost or a variable cost
| ||
| fixed cost is always dependent on output (production) | ||
| rent is an example of a fixed cost | ||
| variable cost is dependent on output (production) | ||
| cost of ingredients used is an example of a variable cost
|
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Auditing Today
Authors: Emile Woolf
6th Edition
0135894662, 978-0135894668
