Question: TRUE OR FALSE 1. A committed fixed cost is changeable in the short-run without having a significant impact on the organization. 2. A discretionary fixed

TRUE OR FALSE

1. A committed fixed cost is changeable in the short-run without having a significant impact on the organization.

2. A discretionary fixed cost can be changed in the short-run and has a significant impact on the organization.

3. Companies do not know exactly how much of their costs are fixed and variable.

4. The methods used for estimating fixed and variable costs will produce different results.

5. A traditional income statement does not present cost behavior patterns.

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