A cost that remains the same in total even when volume of activity varies is a:

Question

A cost that remains the same in total even when volume of activity varies is a: A) Fixed cost. B) Curvilinear cost. C) Variable cost. D) Step-wise variable cost. E) Standard cost. 28. A cost that can be separated into fixed and variable components is called a: A) Mixed cost. B) Step-variable cost. C) Composite cost. D) Curvilinear cost. E) Differential cost. 29. The sales level at which a company neither earns a profit nor incurs a loss is the: A) Relevant range. B) Margin of safety. C) Step-wise variable level. D) Break-even point. E) Contribution margin.

Explanation / Answer

(27) The correct answer is option (C)

(28) The correct answer is option (A)

(29) The correct answer is option (D)

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