Which of the Following Costs Does Not Change in Total

question 3

Multiple Choice

Which of the following costs does not change in total despite changes in volume?

• A)fixed cost
• B)variable cost
• C)mixed cost
• D)total production cost

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Definitions:

Refurbishment

The process of cleaning, decorating, and re-equipping to make something look new or to restore it to good condition.

Revenue Variance

The difference between a company's actual revenue and its budgeted or projected revenue over a given period.

Budgeting

The process of creating a plan to spend your money, which involves estimating revenues and expenses over a specified future period.

Fixed Costs

Costs that do not change with the level of output or sales in the short term.