ICAEW ACA Business Insight And Performance Practice Questions - ICAEW ACA Certificate Level - Business Insight And Performance Exam

A variable cost is best described as a cost that:

Stays the same in total regardless of activity Changes in total in direct proportion to activity, but is constant per unit Changes per unit as activity changes but is constant in total Has both a fixed and a variable element

Correct Answer:

Changes in total in direct proportion to activity, but is constant per unit

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