Asked by maria humayra on May 26, 2024
Verified
A ________ cost does not change in total in proportion to changes in the volume of activity within the relevant range.
Fixed Cost
Expenses that do not change with the level of production or sales over the short term, such as rent or salaries.
- Identify the differences between variable costs and fixed costs.
Verified Answer
DN
Learning Objectives
- Identify the differences between variable costs and fixed costs.