Question: 1. when production decreases , total variable cost will also decrease while total fixed cost will remain the same. true or false ? 2. variable

1. when production decreases , total variable cost will also decrease while total fixed cost will remain the same.

true or false ?

2. variable cost change based on the amount of output produced . Variable costs may include labour , commissions and raw material

true or False?

3. economic order quantity will be lower if the company's setup costs or product demand increases

true or false?

4. (WIP) work in progress is the cost of unfinished goods in the manufacturing process including labour , raw materials, and overhead

true or false?

5. economic order quantity is a calculation that companies perform that represent their ideal order size, allowing them to meet demand without overspending

true or false?

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