Question: What is the basic difference between fixed and variable costs / Multiple Choice Fixed cost per unit and variable cost per unit remain the same
What is the basic difference between fixed and variable costs
Multiple Choice
Fixed cost per unit and variable cost per unit remain the same as production decreases.
Variable costs do not vary in total with changes in production or sales levels, but fixed costs do
Fixed cost and variable cost per unit decrease as production increases.
Fixed costs do not vary in total with changes in production or sales levels, but variable costs do
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
