Answered

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True or false: If the steps in a step-variable cost behavior pattern are large, the step-variable cost function may be approximated by a variable cost function without must loss in accuracy.

Sagot :

batolisis

The statement in the question is : FALSE

What is a step-variable cost ?

A step variable cost is a type of cost that varies with the level of activity, but is incurred at discrete points and it involves large changes. Hence If the steps in a step-variable cost behavior pattern are large, the step variable cost function cannot be approximated by a variable cost function without loss in accuracy because  the variable cost behavior pattern is directly proportional to the variable cost function.

Hence we can conclude that The statement in the question is : FALSE

Learn more about step-variable cost : https://brainly.com/question/17061986

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