When the cost behavior pattern has been identified as fixed at a certain volume of activity:
A) any change in volume will probably cause the cost to change.
B) it is appropriate to express the cost on a per unit of activity basis.
C) the total cost will not change even if the volume of activity changes substantially.
D) the total cost may change if the volume of activity changes substantially.
Correct Answer:
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Q16: As the level of activity increases:
A)fixed cost
Q17: Expressing fixed costs on a per unit
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A)the
Q20: The relevant range concept refers to:
A)a firm's
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