Total variable costs change proportionately with changes in activity levels.
Correct Answer:
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Q3: Total fixed costs vary with small changes
Q4: The incremental cost of an activity is
Q5: The marginal cost of an activity is
Q6: A stepwise linear cost function is a
Q7: Most organisations ignore mixed costs because it
Q9: Cost behaviour refers to the way that
Q10: The line rental paid on a telephone
Q11: The traditional basis for understanding cost behaviour
Q12: It is always easy to determine whether
Q13: Organisations need to understand how costs behave
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