Which of the following is true of a committed fixed cost?
a.A committed fixed cost is used to calculate the contribution margin.
b.A committed fixed cost changes in direct proportion to changes in output.
c.It is difficult to change a committed fixed cost quickly.
d.All of these choices are correct.
Which of the following businesses uses a process costing system?
a.A dental clinic
c.A printing business
d.An interior designing firm
e.An automobile service center
Answer 1) c.It is difficult to... View the full answer
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Fixed cost: Fixed costs are the costs and expenses that don't change with a change in the level of... View the full answer