Question: 1. A planning question has beenasked: What is the cost impact of a change in levels ofproduction over a period of time? Which is the

1. A planning question has beenasked: What is the cost impact of a change in levels ofproduction over a period of time? Which is the most usefulclassification of cots for answering this planning question?

Direct and indirect costs.
Fixed and variable costs.
Product and period costs.
Relevant and non-relevantcosts.

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