Which of the following statements is true? a. Both variable and fixed cost change with the change in the level of production b. Variable cost per unit and fixed cost per unit remain constant through the levels of production. c. Total variable cost and total fixed cost does not change with change in the level of production. d. Variable cost per unit remains constant and fixed cost per unit decreases with the increase in level of production.

Which of the following statements is true? a. Both variable and fixed cost change with the change in the level of production b. Variable cost per unit and fixed cost per unit remain constant through the levels of production. c. Total variable cost and total fixed cost does not change with change in the level of production. d. Variable cost per unit remains constant and fixed cost per unit decreases with the increase in level of production.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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