Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 2 - Managerial Accounting and Cost Concepts - Questions - Page 51: 2-10

Answer

No

Work Step by Step

A variable cost is a cost that varies depending on the level of output and constant per unit of product. A fixed cost is fixed in total but will vary inversely on an average per-unit basis with changes in the level of activity.
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