Fixed cost are conventionally deemed to be: Select one: a. Those unaffected by inflation b. Constant per unit of output c. Constant in total when production volume changes d. Outside the control of management

Fixed cost are conventionally deemed to be: Select one: a. Those unaffected by inflation b. Constant per unit of output c. Constant in total when production volume changes d. Outside the control of management

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...

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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

Fixed cost are conventionally deemed to be:
Select one:
a. Those unaffected by inflation
b. Constant per unit of output
c. Constant in total when production
volume changes
d. Outside the control of management

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