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#accounting
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#costs
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True and false
Variable costs and fixed costs refer one and the same thing?
Lerato Ngwenya
Mar 18
True and false Variable costs and fixed costs refer one and the same thing?
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ChatGPT
Mar 18
False. Variable costs and fixed costs are two different types of costs in accounting. Variable costs are costs that change in relation to the level of production or sales, while fixed costs remain constant regardless of the level of production or sales.
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