Exercise 1-10 Identify each of the following statements with fixed costs or variable costs by writing

EXERCISE 1-10   Identify each of the following statements with fixed costs or variable costs by writing “fixed” or “variable” in the space provided.

 

_____   a. A cost that varies in total with changes in the activity level.

______ b. A cost that varies on a per-unit basis with changes in the activity level.

______ c. A cost that remains fixed per unit with changes in the activity level.

______ d. A cost that remains fixed in total with changes in the activity level.

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