Cost that are nearly variable, but increase in small steps instead of continuously are called step-variable costs.

Answer the following statement true (T) or false (F)


True

This statement is true and the definition of step-variable costs.

Business

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Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.       Production volume 5,000units 6,000unitsDirect materials$103,500 $124,200 Direct labor$282,500 $339,000 Manufacturing overhead$667,000 $679,800 The best estimate of the total cost to manufacture 5,300 units is closest to: (Round your intermediate calculations to 2 decimal places.)

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