Which of the Following Statements Is (Are)true? (1)

question 50

Multiple Choice

Which of the following statements is (are) true? (1) .The term full cost refers to the cost of manufacturing and selling a unit of product and includes both fixed and variable costs.(2) .The fixed cost per unit is considered constant despite changes in volume of activity within the relevant range.

• A)Only (1)is true.
• B)Only (2)is true.
• C)Both (1)and (2)are true.
• D)Neither (1)nor (2)are true.

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