Asked by Rhonda Golden on Jul 04, 2024
Verified
A mixed cost contains both variable and fixed cost elements.
Mixed Cost
A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or consumption, becoming variable with further production or consumption.
- Identify the differences between variable, fixed, step-variable, and mixed costs.
Verified Answer
NT
Nicole TasatmazJul 09, 2024
Final Answer :
True
Explanation :
A mixed cost is a cost that contains both fixed and variable components. The fixed component remains constant regardless of the level of activity, while the variable component changes in proportion to changes in the level of activity.
Learning Objectives
- Identify the differences between variable, fixed, step-variable, and mixed costs.
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