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A fixed cost is fixed only in relation to?

Accounts - Principles of Accounts
JAMB 2000

A fixed cost is fixed only in relation to?
  • A. the quality of goods produced
  • B. the quantity of goods sold
  • C. a given period of time and a range of activities
  • D. a given period of time and the nature of activity
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Correct Answer: Option D
Explanation
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now