Contain Elements of Both Fixed- and Variable- Cost Behavior

question 124

Multiple Choice

contain elements of both fixed- and variable- cost behavior.

• A) Mixed costs
• B) Discretionary fixed costs
• C) Step costs
• D) Committed fixed costs

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent or salaries.

Production Level

The quantity of goods or services that are produced within a given timeframe by a business.

Fixed Costs

Costs that do not change with the level of production or sales over a certain period.

Volume Of Activity

A measure of the total amount of work performed or output produced in a specific period.