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Which of the following statements is correct concerning variable and fixed costs?

a. Variable costs vary in total and fixed costs are constant on a per unit basis

b. Fixed costs are constant in total and variable costs are constant on a per unit basis.

c. Variable costs are constant in total and fixed costs are constant on a per unit basis.

d. Both costs are constant when considered on a per unit basis.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403967

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