False. Costs that remain constant on a per unit basis but that increase in total as volume increases over a relevant range are referred to as 'variable costs'. Semi-fixed costs, also known as mixed costs, have a fixed component and a variable component. The fixed component remains constant regardless of the activity level, while the variable component changes proportionally with the activity level.

Are Costs That Remain Constant Per Unit But Increase in Total Called Semi-Fixed Costs?

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