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Difference between fixed and variable costs


Managerial accounting questions

Question 1. Explain the difference between fixed and variable costs.

Question 2. Explain whether you agree with the statement "All variable costs are controllable while all fixed costs are uncontrollable".

Question 3. Explain the difference between direct and indirect costs. Do you agree that all variable costs are direct costs while all fixed costs are indirect costs?

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Accounting Basics: Difference between fixed and variable costs
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