Four Common Cost Behavior Patterns That Serve as the Foundation

question 127

Multiple Choice

Four common cost behavior patterns that serve as the foundation for cost-volume-profit analysis are

• A)Variable cost,fixed cost,mixed cost,and step cost.
• B)Variable cost,fixed cost,selling cost,and administrative cost.
• C)Cost of goods sold,period cost,other cost,and depreciation.
• D)Selling cost,administrative cost,cost of goods sold,and depreciation.

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Definitions:

Stand Alone

Refers to something that is complete in itself and does not require support or association with other things to function or be understood.

Clustering

A process or method of grouping a set of objects or points in such a way that objects in the same group are more similar to each other than to those in other groups.

Freewriting

A writing technique where a person writes continuously for a set period without worrying about spelling or grammar, to generate ideas.

Generate Ideas

The process of creating new concepts, solutions, or approaches to solve problems or address challenges.