Match Each Following Terms with Their Correct Description from the Items

question 9

Multiple Choice

Match each following terms with their correct description from the items listed below.
-Has an increased fixed component at specific intervals

• A)Variable cost
• B)Fixed cost
• C)Mixed cost
• D)Step cost

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Definitions:

Cost Classifications

The categorization of costs based on their characteristics, such as by behavior, purpose, or relevance to decision making.

Cost Data

Refers to the collection of financial information related to the production, operation, or management of a business that is used for budgeting, cost control, and decision-making purposes.

Value Chain

A sequence of activities that a company performs to design, produce, market, deliver, and support its products.

R&D

Research and Development, which refers to the activities companies undertake to innovate and introduce new products or services.