A-LevelAccountingCosting for materials and labour9706/12 · May/June 2012 · Q251 Mark

Which statement best describes fixed costs?

Acosts that are constant in total over a range of output.

Bcosts that are the same in total over any output level.

Ccosts that are constant per unit as output increases.

Dcosts that are the same as stepped costs.

✓ Correct answer

A: costs that are constant in total over a range of output.

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Topic: Costing for materials and labour, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2012 Paper 1 Variant 2, question 25.

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