Question: Type your answer please, Thank you! Q1: What effect would an increase in volume have on total fixed costs? Explain in your own words PLEASE.

Type your answer please, Thank you!

Q1: What effect would an increase in volume have on total fixed costs? Explain in your own words PLEASE.

Q2: Describe what is meant by the terms cost behavior and relevant range. Provide the definition of each and explain how they are related.

Q3: What is meant by an activity base when dealing with variable costs. Give examples of activity bases.

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