Answered: Within the relevant range of activity…

Within the relevant range of activity fixed costs remain constant in total costs and activity can be approximated by a straight line variable costs do not change in total, only per unit

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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Question

Within the relevant range of activity
fixed costs remain constant in total
costs and activity can be approximated by a straight line
variable costs do not change in total, only per unit

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