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Variable costs vary in total and fixed costs are constant on a per unit basis. Both costs are constant when considered on a per unit basis. B DIF:...
B. Variable costs vary in total and fixed costs are constant on a per unit basis. A. Both costs are constant when considered on a per unit basis. ANS: B DIF: Moderate OBJ: 21-01 NAT: AACSB Analytic | IMA-Performance Measurement 30. Which of the following statements is correct concerning variable and fixed costs? A. Both costs are constant when considered on a per unit basis. B. Variable costs vary in total and fixed costs are constant on a per unit basis. C. Fixed costs are constant in total and variable costs are constant on a per unit basis. D. Variable costs are constant in total and fixed costs are constant on a per unit basis. ANS: C DIF: Moderate OBJ: 21-01 NAT: AACSB Analytic | IMA-Performance Measurement 31. As production increases, what should happen to the fixed costs per unit? A. Stay the same. B. Increase. C. Decrease. D. Either increase or decrease, depending on the variable costs. ANS: C DIF: Moderate OBJ: 21-01 NAT: AACSB Analytic | IMA-Performance Measuremen
