A Cost That Remains Constant in Total but Varies on a Per-Unit

question 101

Multiple Choice

A cost that remains constant in total but varies on a per-unit basis with changes in activity is called a(n)

• A)expired cost.
• B)fixed cost.
• C)variable cost.
• D)mixed cost.

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Definitions:

Independent Variable

In experimentation or statistical analysis, the variable that is manipulated or changed to observe its effects on the dependent variable.

Dependent Variable

In statistical and mathematical analysis, the variable whose value is subject to the influence of another variable.

Horizontal Axis

In graphs and charts, this axis typically represents the independent variable or time period under examination.

Vertical Axis

The “up-down” or “north-south” measurement line on a graph or grid.