Which of the following costs does not change in total despite changes in volume within the relevant range?

Question

Quizplus · Accepted Answer

Fixed costs do not change in total despite changes in volume within the relevant range. This is because fixed costs are not directly related to production volume but are incurred regardless of the level of output. Variable costs, on the other hand, are directly related to the level of output and change in total as the volume changes. Mixed costs have a fixed and variable component and change in total as the volume changes. Total production costs include both fixed and variable costs and change in total as the volume changes.

Which of the Following Costs Does Not Change in Total