Question: Packing materials is considered is a semi-variable cost because this type of cost varies almost automatically with volume of production. True / False Semi-variable costs

Packing materials is considered is a semi-variable cost because this type of cost varies almost automatically with volume of production.        True / False     

Semi-variable costs change disproportionately with changes in output levels.                True / False     

The average collection period represents the number of days it takes for suppliers to pay their accounts.          True / False    

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