Multiple Choice
Which of the following is a characteristic of a fixed cost?
A) The total cost remains constant,regardless of changes in the level of activity.
B) The cost per unit varies inversely with changes in the level of activity.
C) Both that the total cost remains constant,regardless of changes in the level of activity and that the cost per unit varies inversely with changes in the level of activity.
D) Neither that the total cost remains constant,regardless of changes in the level of activity nor that the cost per varies inversely with changes in the level of activity.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: The relevant range is the normal level
Q34: Unlike the scattergraph, the high-low method requires
Q46: The contribution format income statement presents cost
Q50: Total cost is a combination of fixed
Q52: Dana owns her own real estate agency.She
Q53: Three methods used for estimating the fixed
Q54: Suppose you are charged a $10 per
Q58: The amount of income presented on a
Q104: There is an important relation between contribution
Q114: Contribution margin is the amount of revenue