Fixed costs are conventionally deemed to be: (a) Constant per unit of output; (b) Constant in total

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Fixed costs are conventionally deemed to be:
(a) Constant per unit of output;
(b) Constant in total when production volume changes;
(c) Outside the control of management;
(d) Those unaffected by inflation.

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Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

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Question Posted: Feb 07, 2020 10:04 AM

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Fixed costs are conventionally deemed to be: (a) Constant per unit of output; (b) Constant in total

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Option b is correct Fixed cost are constant in total wh...View the full answer

Management and Cost Accounting

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