Question: Fixed and variable costs: A. are only defined for a specific activity and never for a given period of time. B. are only defined for

Fixed and variable costs:

A. are only defined for a specific activity and never for a given period of time.

B. are only defined for a given period of time and not for a specific activity.

C. are defined as variable or fixed for a specific activity for a given time period.

D. are never useful to managers when they make cost decisions.

E. always change in the same proportion.

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