If Activity Is Higher Than Expected,total Fixed Costs Should Be

question 33

True/False

If activity is higher than expected,total fixed costs should be higher than expected.If activity is lower than expected,total fixed costs should be lower than expected.

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Definitions:

Supplies Account

An account used in accounting to track the amount spent on supplies used within an organization.

Adjustment

Entries made in accounts to correct errors or allocate income and expenses to the correct accounting period.

Worksheet

A paper or digital document with problems or questions for students to complete as part of their learning.

Financial Statement

A formalized register of financial interactions and the fiscal status of an enterprise, an individual, or a separate entity.