Costs That Vary in Some Degree with the Volume of Activity

question 23

Short Answer

Costs that vary in some degree with the volume of activity, but not in direct proportion to it are called----------- costs.

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Definitions:

Bank Loan

A bank loan is a sum of money borrowed from a bank that must be repaid with interest over a predetermined period.

Receivables Balance

The complete amount of financial liabilities customers hold towards a company for supplied goods or services awaiting payment.

Accounts Receivable Period

The amount of time it takes for a company to collect payment from its customers after a sale has been made.