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Instructions:   In terms of cost behavior, choose either “in total” or “per unit” to complete the...

Instructions:  
In terms of cost behavior, choose either “in total” or “per unit” to complete the following sentences.

A. Variable cost_____ is always constant regardless of the level of activity within the relevant range.

B. As activity increases, the variable cost _____ will increase.

Instructions: In terms of cost behavior, choose either “in total” or “per unit” to complete the following sentences.

A. Fixed cost ____ is always constant regardless of the level of activity within the relevant range.

B. As activity increases, the fixed cost ____ will decrease.

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