Examlex
Which of the following statements is true?
Variable Costs
Expenses that change in proportion to the production or sales figures.
Per Unit
A measure or cost expressed per single item or quantity of a product or service.
Cost Behaviour
The way in which costs change in relation to alterations in an organization's level of activity.
Relevant Range
The range of activity within which the assumptions about fixed costs and variable cost behavior hold true.
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