Asked by Angel Castillo on Jun 20, 2024
Verified
A cost that has both variable and fixed elements is referred to as a _________________ cost.
Mixed Cost
A cost that has both fixed and variable components, which changes with the level of output but not in direct proportion.
- Identify the distinctions between variable, fixed, and mixed costs and their effects on the operations of a business.
Verified Answer
LM
Learning Objectives
- Identify the distinctions between variable, fixed, and mixed costs and their effects on the operations of a business.
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