Question: The difference between variable costs and fixed costs is A. Unit variable costs fluctuate, and unit fixed costs remain constant. B. Unit variable costs are

The difference between variable costs and fixed costs is

A. Unit variable costs fluctuate, and unit fixed costs remain constant.

B. Unit variable costs are fixed over the relevant range, and unit fixed costs are variable.

C. Total variable costs are variable over the relevant range and fixed in the long term, while fixed costs never change.

D. Unit variable costs change in varying increments, while unit fixed costs change in equal increments.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!