An organization accumulated the following data for the prior fiscal year:Value ofPercentage ofQuarterOutput ProducedCost X1$4,750,0002.

IIA IIA-ACCA Question Answer

An organization accumulated the following data for the prior fiscal year:

Value of

Percentage of

Quarter

Output Produced

Cost X

$4,750,000

2.9

$4,700,000

3.0

$4,350,000

3.2

$4,000,000

3.5

Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?

Cost X is a variable cost.

Cost X is a fixed cost.

Cost X is a semi-fixed cost.

Cost X and the value of Output Produced are unrelated.

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