Posted: March 25th, 2017

Which of the following costs are included in the cost classification that is based on the relationship between total cost and volume of activity? a) Variable cost and fixed b) Direct cost and indirect cost

Which of the following costs are included in the cost classification that is based on the relationship between total cost and volume of activity?

a) Variable cost and fixed
b) Direct cost and indirect cost
c) Product cost and period cost
d) Committed cost and discretionary cost

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