True: Variable costs that vary with changes in level of activity., Fixed costs in the short term, are not affected by changes in activity level, Stepped costs are costs that remain fixed up to a particular level of activity, but which rise to a higher level if activity goes beyond range., Semi- variable are costs that have a fixed element and a variable element., False: Variable cost in the short term, are not affected by changes in activity level, Fixed costs vary with changes in level of activity., Semi -variable costs they are cost that constant per unit of output and increase in direct proportion to activity., Stepped costs that have a fixed element and a variable element.,

Classification of costs by BEHAVIOUR - - Management Accounting - Elements of Costing - AAT 2 & 3

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