Asked by Nazwa Al-Sayeed on May 04, 2024
Verified
Differential costs can only be variable.
Differential Costs
The difference in cost between two alternative decisions or changes in levels of operation.
Variable
An element that can change or vary, often used in mathematical modeling, programming, and statistical analysis to represent changeable data.
- Recognize the traits and instances of variable expenses.
Verified Answer
PP
Prince PandeyMay 06, 2024
Final Answer :
False
Explanation :
Differential costs can be either variable or fixed. The term "differential cost" refers to the difference in cost between two options or alternatives. This difference in cost can arise from both variable and fixed costs.
Learning Objectives
- Recognize the traits and instances of variable expenses.