In order for a cost to be variable it must vary with either units produced or units sold.
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Q11: Direct material costs are generally variable costs.
Q12: A mixed cost is partially variable and
Q13: Depreciation is always considered a product cost
Q14: A variable cost is a cost whose
Q15: All costs incurred in a merchandising firm
Q17: Automation results in a shift away from
Q18: Selling and administrative expenses are product costs
Q19: Traditional format income statements are prepared primarily
Q20: A decrease in production will ordinarily result
Q21: For a lamp manufacturing company,the cost of
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