Remaining Time 1 hour, 56 minutes, 23 seconds Question Completion Status Moving to another question will save this response. Question 3 Which of the following statement is CORRECT? O Total Fixed costs change inversely with the level of production. Costs are fixed or variable for a specific activity and/or for an indefinite time period. O Variable costs change, in per unit, in proportion to changes in the related level of activity or volume of output produced Product costs are treated as expenses of the accounting period in which the product is sold. A Moving to another question will save this response. hp