A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a:
A) Curvilinear cost.
B) Standard cost.
C) Variable cost.
D) Step-wise variable cost.
E) Fixed cost.

Question

Quizplus · Accepted Answer

A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a fixed cost. Fixed costs do not vary with changes in production or sales levels within a certain range.

A Cost That Remains Unchanged in Total Despite Variations in Volume