Match each of the following costs with its appropriate definition: _____ 1. Fixed cost per unit _____

Question:

Match each of the following costs with its appropriate definition:
_____ 1. Fixed cost per unit
_____ 2. Fixed costs in total
_____ 3. Variable cost per unit
_____ 4. Variable costs in total
_____ 5. Step costs
A. Vary directly and proportionally with changes in volume.
B. Varies inversely with the activity level.
C. Remains constant in the short run, regardless of changes in activity.
D. Constant over small ranges of output, but increases as levels of activity increase.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

Question Posted: