Which of the following best describes a variable cost? A cost that: a. Represents a fixed proportion of total costs b. Has a direct relationship with output c. Is sometimes also known as an indirect cos d. Falls on average, as output increases.
Which of the following best describes a variable cost? A cost that: a. Represents a fixed proportion of total costs b. Has a direct relationship with output c. Is sometimes also known as an indirect cos d. Falls on average, as output increases.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...
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Which of the following best describes a variable cost? A cost that:
a. Represents a fixed proportion of total costs
b. Has a direct relationship with output
c. Is sometimes also known as an indirect cos
d. Falls on average, as output increases.
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