question archive Respond that the following statements are TRUE or FALSE: 1) Fixed costs per unit is inversely proportional to the volume of units produced
Respond that the following statements are TRUE or FALSE: 1) Fixed costs per unit is inversely proportional to the volume of units produced
Subject:FinancePrice: Bought3
Respond that the following statements are TRUE or FALSE:
1) Fixed costs per unit is inversely proportional to the volume of units produced.
2) Total variable costs change in direct proportion to changes in the volume of production.
3) Variable cost per unit is constant throughout various relevant ranges.
4) Fixed costs per unit decrease as production levels decrease.
5) If the volume of activity doubles in the relevant range, total variable costs will also double.
