A fixed cost: Multiple Choice Requires the future outlay of cash and is relevant for future decision making. Does not change with changes in the volume of activity within the relevant range. Is directly traceable to a cost object. Changes with changes in the volume of activity within the relevant range. Is irrelevant for cost-volume-profit and short-term decision making.
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A fixed cost: Multiple Choice Requires the future outlay of cash and is relevant for future decision...
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