Which of the following statements describes variable costs?A. Costs that vary on a per-unit basis as the level of activity changesB. Costs that vary in total in direct proportion to changes in the level of activityC. Costs that remain the same in total dollar amount as the level of activity changesD. Costs that vary on a per-unit basis, but remain the same in total as the level of activity changes
Which of the following statements describes variable costs?A. Costs that vary on a per-unit basis as the level of activity changesB. Costs that vary in total in direct proportion to changes in the level of activityC. Costs that remain the same in total dollar amount as the level of activity changesD. Costs that vary on a per-unit basis, but remain the same in total as the level of activity changes
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 9MC: Fixed costs are expenses that ______________________________ . A. vary in response to changes in...
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Which of the following statements describes variable costs?
A. Costs that vary on a per-unit basis as the level of activity changes
B. Costs that vary in total in direct proportion to changes in the level of activity
C. Costs that remain the same in total dollar amount as the level of activity changes
D. Costs that vary on a per-unit basis, but remain the same in total as the level of activity changes
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