Costs That Have Both Variable and Fixed Components Are Called

question 66

Multiple Choice

Costs that have both variable and fixed components are called:

• A)fixed cost.
• B)variable cost.
• C)mixed cost.
• D)contribution cost.

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Definitions:

Meters

The base unit of length in the International System of Units (SI), equivalent to 100 centimeters.

Milliliters

A unit of volume in the metric system, equal to one-thousandth of a liter.

Liters

A metric unit of volume equal to one cubic decimeter, commonly used to measure fluids.

Significant Figures

The digits in a numerical value that contribute to its measurement accuracy, including all certain digits and the first uncertain digit.