Fixed and variable costs: A. are only defined for a specific activity and never for a given
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Question:
Fixed and variable costs:
A. are only defined for a specific activity and never for a given period of time.
B. are only defined for a given period of time and not for a specific activity.
C. are defined as variable or fixed for a specific activity for a given time period.
D. are never useful to managers when they make cost decisions.
E. always change in the same proportion.
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