The cost which is changed in proportion to level the total volume is ___________?
Correct answer: B. variable cost
- A. fixed cost
- B. variable cost
- C. total cost
- D. infeasible cost
Explanation
A variable cost changes in total in proportion to changes in production or activity volume, while its cost per unit generally remains constant. Fixed cost remains unchanged in total within the relevant range.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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