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Patel Company Incurs Both Fixed and Variable Production Costs

Question 106

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 fixed 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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