Asked by Jenna D'Amour on Jun 13, 2024
Verified
Variable costs are costs whose per unit costs vary as the activity level rises and falls.
Variable Costs
Expenses that vary in direct relation to the volume of production or sales transactions.
- Differentiate between variable and fixed expenses within the framework of product and period cost categorizations.
Verified Answer
MM
Mason McBrideJun 19, 2024
Final Answer :
False
Explanation :
Variable costs are costs that vary in total directly and proportionately with changes in the activity level, but their per unit cost remains constant.
Learning Objectives
- Differentiate between variable and fixed expenses within the framework of product and period cost categorizations.
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