Explain why is variable cost said to constant and fixed costs are said to fluctuate in relation to production? And what determines over and under absorption in production?
Explain why is variable cost said to constant and fixed costs are said to fluctuate in relation to production? And what determines over and under absorption in production?
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 8Q: Explain the differences among fixed costs, variable costs, and mixed costs.
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Explain why is variable cost said to constant and fixed costs are said to fluctuate in relation to production? And what determines over and under absorption in production?
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