Multiple Choice
Select the incorrect statement regarding fixed and variable costs.
A) Fixed cost per unit remains constant as the number of units increases.
B) Total variable cost is represented by a straight line sloping upward from the origin when total variable cost is graphed versus number of units.
C) The concept of relevant range applies to both fixed costs and variable costs.
D) The terms "fixed" and "variable" refer to the behavior of total cost.
Correct Answer:

Verified
Correct Answer:
Verified
Q139: In the graph below,which depicts the relationship
Q140: Executive management at Ballard Books is very
Q141: Wu Company incurred $40,000 of fixed cost
Q142: Pickard Company pays its sales staff a
Q143: The manager of Kenton Company stated that
Q145: Which of the following items would not
Q146: The results below represent what form
Q147: Select the term from the list provided
Q148: The magnitude of operating leverage for Blue
Q149: How does variable cost per unit behave