Question: Total variable cost is a cost that: Group of answer choices changes only when the price of resources changes. does not change in total when

Total variable cost is a cost that:

Group of answer choices

changes only when the price of resources changes.

does not change in total when activity level changes.

changes in direct proportion with changes in activity levels.

varies with changes in activity but not in direct proportion.

Understanding cost behavior is essential for:

Group of answer choices

price setting.

All of these are correct.

service decisions.

investing in fixed assets.

resource scheduling

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