A fixed cost is a cost that
A) remains constant as the level of activity changes.
B) varies inversely with changes in the level of activity.
C) remains constant per unit as the level of activity changes.
D) is a fixed proportion of profit.
Correct Answer:
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Q5: Contribution margin equals
A)selling price less cost of
Q6: Assuming the unit contribution margin is $1
Q7: If fixed costs are $500 000 and
Q8: If an entity increases its level of
Q9: An increase in the level of production,within
Q11: In a cost-volume-profit graph,the break-even point is
Q12: A break-even point can be determined in
Q13: If selling price is $18 per unit
Q14: Which of these is
Q15: If the contribution margin is $24 for
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