Costs which are constant for a given level of output and then increase by a fixed amount at a higher level of output are called —

CS Executive · Cost and Management Accounting · PYQS · June 2015
Costs which are constant for a given level of output and then increase by a fixed amount at a higher level of output are called —
(A) Step costs
(B) Differential costs
(C) Committed costs
(D) Opportunity costs.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost Concepts

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

Related Questions in this Topic