[Solved] Which of the following best describes a fixed cost? A cost which:

Q.	Which of the following best describes a fixed cost? A cost which:
A.	Represents a fixed proportion of total costs.
B.	Remains at the same level up to a particular level of output.
C.	Remains at the same level when output increases
D.	Has a direct relationship with output
Answer» B. Remains at the same level up to a particular level of output.

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Cost and Works Accounting 2

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