If the level of activity increases within the relevant range Group of answer choices Variable cost per unit and total fixed costs also increase Fixed cost per unit and total variable cost also increase Total cost will increase and fixed cost per unit will decrease Variable cost per unit and total cost also increase.

Camping gear, inc. had 500 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by camping gear, inc. for each finished product is $ 14. as a result of recording the adjusting entry as per the rule, the gross profit will