Asked by Nguyen BaoThien on May 20, 2024
Verified
A cost can be classified as either ________ or ________based how it changes,in total,with changes in the volume of activity.
Volume Of Activity
A measure of the quantity of work performed or production completed, often influencing costs and revenues in businesses.
- Contrast variable costs with fixed costs.
Verified Answer
GS
Learning Objectives
- Contrast variable costs with fixed costs.