Costs that do not vary in total during a period even though the amount of service provided may be more or less than anticipated are called ___________ costs.
A) common
B) sunk
C) fixed
D) variable

Question

Quizplus · Accepted Answer

Fixed costs remain the same regardless of the level of activity within a relevant range. Common costs are costs shared among different products or departments. Sunk costs are past costs that are irrelevant for future decisions. Variable costs change in total as activity levels change.

Costs That Do Not Vary in Total During a Period