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Which of the following statements are true? I. Within the relevant range, a change in activity results in a change in variable cost per

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Which of the following statements are true? I. Within the relevant range, a change in activity results in a change in variable cost per unit and total fixed cost. II. The concept of the relevant range does not apply to variable costs. Multiple Choice Only statement I is true. Only statement II is true. Both of the statements are true. Neither of the statements are true.

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