Question: The formula for expressing the total of a fixed, variable, or mixed cost at any level of activity is: total cost = fixed cost +

The formula for expressing the total of a fixed, variable, or mixed cost at any level of activity is: total cost = fixed cost + (variable rate * volume of activity) total cost = fixed cost * volume of activity total cost = fixed cost * variable rate total cost = fixed cost - variable cost As the level of activity decreases: fixed cost per unit decreases. variable cost per unit decreases. variable cost per unit increases. fixed cost remains constant in total

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