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Patel Company Incurs Both Fixed and Variable Production Costs

Question 102

Multiple Choice

Patel Company incurs both fixed and variable production costs.Assuming the production is within the relevant range,if volume goes up by 15%,then the total variable costs would ________.


A) increase by 15%
B) remain the same
C) increase by an amount less than 15%
D) decrease by 15%

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