Answered: A cost increases or decreases in…

A cost increases or decreases in intervals as activity changes. a. historical cost b. step cost c. fixed cost d. flexible cost e. budgeted cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

36.A cost increases or decreases in intervals as activity changes.

a. historical cost

b. step cost

c. fixed cost

d. flexible cost

e. budgeted cost

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