Jeong Company Incurs Both Fixed and Variable Production Costs

question 75

Multiple Choice

Jeong Company incurs both fixed and variable production costs.Assuming that production is within the relevant range,if volume goes up by 20%,then the total costs would ________.

• A) increase by 20%
• B) remain the same
• C) increase by an amount less than 20%
• D) decrease by 20%

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