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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › The term ‘fixed cost’ has been explained in the seminar as ‘a cost that remains
The term ‘fixed cost’ has been explained in the seminar as ‘a cost that remains unchanged when production activity changes over a period of time and over a certain relevant range’. He is unsure of what is meant by ‘period of time’ and ‘relevant range’ as he believes that there’s no such thing as a fixed cost and that all costs are variable in the long term.
And what exactly are you trying to ask??
