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Which one of the following statements is true? A semi-variable cost is fixed for a...

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Accounting

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Which one of the following statements is true? A semi-variable cost is fixed for a certain level of activity and then changed to a new fixed level. Total variable costs are constant at all levels of output. The fixed cost per unit of output decreases as output increase. Heating costs are a variable cost because they differ according to the season of the year

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