Question: F is a fixed cost; V is a variable cost. During the current year the level of activity has decreased but is still within the
F is a fixed cost; V is a variable cost. During the current year the level of activity has decreased but is still within the relevant range. We would expect that:
Group of answer choices
The cost per unit of V has remained unchanged
The cost per unit of V has decreased
The cost per unit of F has remained unchanged
The cost per unit of F has decreased
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
