________ are not a function of output, they do not vary with output up to a certain level of activity.

Direct costs

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Variable cost

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Fixed cost

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All of the above

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Solution

The correct option is D Fixed cost
The fixed cost must be paid even if no production takes place, it is not directly related to the production process. Total fixed cost is plotted as a straight line parallel to the x axis.

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________ are not a function of output, they do not vary with output up to a certain level of activity.

The correct option is D Fixed costThe fixed cost must be paid even if no production takes place, it is not directly related to the production process. Total fixed cost is plotted as a straight line parallel to the x axis.

The correct option is D Fixed cost
The fixed cost must be paid even if no production takes place, it is not directly related to the production process. Total fixed cost is plotted as a straight line parallel to the x axis.