Which of the following statements is true with respect ti fixed cost per until ?

A. They will increase as production increases within the relevant range.

B.They will decrease as production decreases within the relevant range.

C.They will increase as production decrease within the relevant range.

D.They will remain the same as production levels change within the relevant

The regression analysis shows an R square (R^2) of .98. Which of the following statements best describes the meaning of R?

A. 98 percent of the company's total cost are utilities costs.

B. 98 percent of the variation in utilities cost is not explained by the increase or decrease in production

C. 98 percent of the variation in utilities cot is explained by the increase or decrease in production.

D. 98 percent of the company's total cost are fixed cost and the remaining 2 percent are variable cost

Which of the following cost are the most likely to be classified as a fixed cost ?

A. Factory utilities

B. Factory supplies

C. Factory labor

D. Factory insurance

Which of the following cost is most likely to be classified as a variable cost ?

A. Factory rent

B. Plant manager salary

C. Direct material

D. Depreciation on factory building