3. Which of the following is correct regarding a relevant range? a Total variable costs will not change. b. Total fved costs will not change. C Actual fixed costs usually fall outside the relevant range. a. The relevant range cannot be changed after being established.
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- ______ are the costs associated with not choosing the other alternative. A. Sunk costs B. Opportunity costs C. Differential costs D. Avoidable costsWhich type of incurred costs are not relevant in decision-making (i.e., they have no bearing on future events) and should be excluded in decision-making? A. avoidable costs B. unavoidable costs C. sunk costs D. differential costsWhich of the following statements is false? (You may select more than one answer.)a. Under some circumstances, a sunk cost may be a relevant cost.b. Future costs that do not differ between alternatives are irrelevant.c. The same cost may be relevant or irrelevant depending on the decision context.d. Only variable costs are relevant costs. Fixed costs cannot be relevant costs.
- 4. In incremental analysis, Group of answer choices costs are not relevant if they change between alternatives. all costs are relevant if they change between alternatives. only fixed costs are relevant. only variable costs are relevant.Do you agree from the following statements- Explain in details with examples 1.Variable costs are controllable but fixed costs are not. 1.Sunk costs are irrelevant cost while making any decision.Which of the following would not be relevant in a make or buy decision? Unavoidable variable costs Incremental fixed costs Avoidable fixed costs Opportunity costs
- ‘Costs maybe classified in a different type of behavioural costs such as variable and fixed costs according to their nature and usage. Variable costs are controllable, on contrary fixed costs are not’. Do you agree with this statement? Justify.Within the relevant range, the change in activity level will result in a. A change in both of total fixed costs and total variable costs. b. A change in total variable cost and no changes in total fixed costs. c. No changes in either total fixed costs or total variable costs. d. A change in total fixed cost and no changes in total variable costs.Select the correct statement regarding fixed costs. A) Because they do not change, fixed costs should be ignored in decision making.B) The fixed cost per unit decreases when volume increases. C) The fixed cost per unit increases when volume increases.D) The fixed cost per unit does not change when volume decreases
- If costs are not responsive to changes in activity level, then these costs can be best described as a. mixed. b. flexible. c. variable. d. fixed.A cost that cannot be changed because it arises from a past decision and is irrelevant to future decisions is a. An uncontrollable cost. d. An opportunity cost. b. An out-of-pocket cost. e. An incremental cost. c. A sunk cost.17. "Within the relevant range, if there is a change in the level of the cost driver, then:" fixed costs per unit will change and variable costs per unit will remain the same fixed costs per unit will remain the same and variable costs per unit will change fixed and variable costs per unit will remain the same fixed and variable costs per unit will change