Given the Following Cost Data, What Type of Cost Is

question 110

Multiple Choice

Given the following cost data, what type of cost is shown?​ ​

• A) mixed cost
• B) variable cost
• C) fixed cost
• D) period cost

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, making it more useful for planning and control purposes.

Fixed Costs

Expenses that do not vary with the level of production or sales over the short term.

Management by Exception

A management strategy where managers only intervene in decision making when performance deviates significantly from standards, allowing more focus on important issues.

Controllable

Refers to costs or elements within a business that can be directly managed, influenced, or altered by decisions of management.