Multiple Choice
Which of the following is true of a variable cost?
A) A variable cost in total changes in direct proportion to changes in output within the relevant range.
B) A variable cost is a cost that is not linked to a company's output.
C) A variable cost in total remains constant regardless of the level of output.
D) A variable cost in total increases as output decreases and decreases as output increases.
Correct Answer:
Verified
Correct Answer:
Verified
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