Question: ( Competency 4 : Learning Objective 1 ) Kamal Company incurs both fixed and variable production costs. Assuming that production is within the relevant range,

(Competency 4: Learning Objective 1) Kamal Company incurs both fixed and variable production costs. Assuming that production is within the relevant range, if volume goes up by 20%, then the total costs would
(A) increase by 20%
remain the same
increase by an amount less than 20%
(D) decrease by 20%
( Competency 4 : Learning Objective 1 ) Kamal

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