A-LevelAccountingTraditional costing methods9706/12 · May/June 2017 · Q211 Mark

How are stepped costs best described?

Acosts that are always variable

Bcosts that have both a fixed and variable element

Cfixed costs that are always the same amount at any level of output

Dfixed costs which increase in total once a certain level of output is reached

✓ Correct answer

D: fixed costs which increase in total once a certain level of output is reached

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Topic: Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2017 Paper 1 Variant 2, question 21.

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