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Question
Which of the following best describes a fixed cost?
Options
A cost that remains at the same level up to a particular level of output.
The cost changes with levels of output.
A cost that remains at the same level when output increases.
None of these
Solution
A cost that remains at the same level up to a particular level of output.
RELATED QUESTIONS
Indirect material scrap is adjusted along with ______.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Variable cost is a cost that ______.
Total variable cost per unit increases ______.
The cost remains same at all levels of output is called ______ cost.
Which cost decreases with increase in the volume of output?
Direct cost increases when ______.
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"Some costs are semi-variable in nature." Comment.
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Explain with an example, the meaning of fixed costs.
Explain with an example, the meaning of variable costs.
Write short notes on Variable Costs.
