Cost Volume Profit Analysis Flashcards by Michelle Stangret | Brainscape

Q

Variable Costs?

A

Costs change directly as the volume of activity increases or decreases.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Fixed Costs?

A

Do not change in relation to changes in activities

How well did you know this?

1

Not at all

2

3

4

5

Perfectly