Asked by Shay D. Davis on May 18, 2024
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A mixed cost has characteristics of both variable and fixed costs.
Mixed Cost
An expense that contains both fixed and variable components, changing with the level of output but also incurred when there is no output.
Variable Costs
Costs that change in proportion to the level of production or sales activity, such as materials and labor directly involved in a company's product.
Fixed Costs
Expenditures that do not vary with the level of activity or production within a short time frame.
- Distinguish and outline the distinctions among variable, fixed, and mixed costs.
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Learning Objectives
- Distinguish and outline the distinctions among variable, fixed, and mixed costs.
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