26. I. The higher the production within relevant range, the higher is fixed cost per unit. II. The higher is the production within relevant range, the higher is the variable cost per unit. III. The lower the production, the lower the total fixed cost. a• True, False, False b• True, True, True c• False, False, True d• False, False, False e• False, True, False
26. I. The higher the production within relevant range, the higher is fixed cost per unit. II. The higher is the production within relevant range, the higher is the variable cost per unit. III. The lower the production, the lower the total fixed cost. a• True, False, False b• True, True, True c• False, False, True d• False, False, False e• False, True, False
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
26.
I. The higher the production within relevant range, the higher is fixed cost per unit.
II. The higher is the production within relevant range, the higher is the variable cost per unit.
III. The lower the production, the lower the total fixed cost.
a• True, False, False
b• True, True, True
c• False, False, True
d• False, False, False
e• False, True, False
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