Which of the following is the difference between variable costs and fixed costs? (CMA adapted) Multiple Choice Variable costs per unit are fixed and fixed costs per unit are variable, over the relevant range. Variable costs per unit fluctuate and fixed costs per unit remain constant. Total variable costs are variable over the relevant range and fixed in the long term, while fixed costs never change. Variable costs per unit change in varying increments, while fixed costs per unit change in equal units.

Which of the following is the difference between variable costs and fixed costs? (CMA adapted) Multiple Choice Variable costs per unit are fixed and fixed costs per unit are variable, over the relevant range. Variable costs per unit fluctuate and fixed costs per unit remain constant. Total variable costs are variable over the relevant range and fixed in the long term, while fixed costs never change. Variable costs per unit change in varying increments, while fixed costs per unit change in equal units.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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