Accounting · Cost Accounting
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Within the relevant range of activity, the total fixed cost remains constant in its aggregate amount regardless of any fluctuations in the volume of output. Reason R: The fixed cost per unit of output remains constant irrespective of whether the production volume increases or decreases. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct✓
- 4A is not correct but R is correct
Correct answer
A is correct but R is not correct
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