Which of the following statements is correct about fixed costs? a. Fixed costs vary on per unit basis as well as in total as the level of activity changes b. Fixed costs remain the same on per unit basis but vary in total as the level of activity changes c. Fixed costs vary in total as the level of activity changes d. Fixed costs vary on per unit basis but remain the same in total as the level of activity
Which of the following statements is correct about fixed costs? a. Fixed costs vary on per unit basis as well as in total as the level of activity changes b. Fixed costs remain the same on per unit basis but vary in total as the level of activity changes c. Fixed costs vary in total as the level of activity changes d. Fixed costs vary on per unit basis but remain the same in total as the level of activity
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...
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6. Which of the following statements is correct about fixed costs?
a. Fixed costs vary on per unit basis as well as in total as the level of activity changes
b. Fixed costs remain the same on per unit basis but vary in total as the level of activity changes
c. Fixed costs vary in total as the level of activity changes
d. Fixed costs vary on per unit basis but remain the same in total as the level of activity changes
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