Q326
Cost which remains unchanged, in proportion to level total volume of production is classified as
A.
total cost
B.
infeasible cost
C.
fixed cost
AnswerD.
variable cost
Answer: Option C
Solution
Answer: Option C
Solution:
Cost which remains unchanged, in proportion to level total volume of production is classified as fixed cost. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.