PLEASE ANSWER ALLWrite “True” if the statement is true and write “False” if the statement is false. Fixed cost is constant in total amount regardless of changes in activity level within the relevantrange.Cost function is an express that mathematically links costs, their behavior, and their cost driver.As volume decreases within the relevant range, variable cost per unit remains the same andfixed cost per unit increases.

The total cost of production includes the variable costs, fixed costs and mixed costs.

Answered: Write “True” if the statement is true…

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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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PLEASE ANSWER ALL

Write “True” if the statement is true and write “False” if the statement is false.

Fixed cost is constant in total amount regardless of changes in activity level within the relevant
range.
Cost function is an express that mathematically links costs, their behavior, and their cost driver.
As volume decreases within the relevant range, variable cost per unit remains the same and
fixed cost per unit increases.

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