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Costs are classified as ______ and variable with regard to their behavior in relation to, and the changes in the volume of activity level.
fixed
Those costs that REMAIN CONSTANT in TOTAL but INVERSELY CHANGES on a PER UNIT base in relation to the changes in the level of quantity, volume or activity are ______ costs.
fixed
______ costs CHANGE in TOTAL in direct proportion to changes in the level of production and sales but is CONSTANT on a PER-UNIT BASIS.
Variable
______ FIXED COST could either be committed or discretionary.
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______ Fixed Cost are those which incurrence have been committed by the business in the PAST by the reason of CONTRACT, acquisition or AGREEMENT.
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______ Fixed Cost are those which incurrence is assured but the amount may CHANGE depending on the DISCRETION or value JUDGEMENT OF THE MANAGER.
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Total Costs are ______ regardless of levels of production and sales under fixed costs.
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Unit Costs ______ as production increases and vice versa under fixed costs.
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Under variable costs, Total Cost ______ in DIRECT PROPORTION to the change in the volume of activity level.
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Under variable costs, Unit Cost is ______ regardless of levels of production and sales.
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