Fixed cost is a cost

CS Executive · Cost and Management Accounting · PYQS · December 2019
Fixed cost is a cost
(A) Which changes in total in proportion to changes in output
(B) Which varies directly with the output
(C) Which does not change in total during a given period despite changes in the quantity of output
(D) Which remains same for each unit of output

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost Concepts

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic