The cost which remains unchanged, in proportion to level the total volume of production is classified as _________?
Correct answer: C. fixed cost
- A. total cost
- B. infeasible cost
- C. fixed cost
- D. variable cost
Explanation
A fixed cost remains constant in total within the relevant production range, even though its cost per unit changes as output changes. Variable cost, by contrast, changes in total with production volume.
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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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