If a cost is fixed with respect to a single volume-based cost driver, it must always be fixed.

Name: If a cost is fixed with respect to a single volume-based cost driver, it must always be fixed.
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Question

Quizplus · Accepted Answer

A cost that is fixed with respect to a single volume-based cost driver can become variable if considered over a different range of activity or with respect to a different cost driver. Fixed costs are context-dependent and can change behavior under different circumstances.

If a Cost Is Fixed with Respect to a Single