Question: 14. Which statement below describes a variable cost? a. It varies in total with the level of activity. b. It remains constant in total over

14. Which statement below describes a variable cost? a. It varies in total with the level of activity. b. It remains constant in total over different levels of activity. c. It varies inversely in total with changes in the level of activity. d. It varies proportionately per unit with changes in the level of activity

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