Asked by Margaret Galeener on Jun 09, 2024

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A mixed cost has characteristics of both a variable and a fixed cost.

Mixed Cost

A cost that contains both fixed and variable components and changes in total with the level of activity, but not proportionately.

Variable Cost

Expenses that change in proportion to the activity of a business, such as production volume or units sold.

Fixed Cost

Costs that remain constant regardless of the amount of goods produced or sold, like lease payments or employee wages.

  • Understand the concepts of variable, fixed, and mixed costs.
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SR
Syamira RozaideeJun 15, 2024
Final Answer :
True
Explanation :
A mixed cost has both fixed and variable components. The fixed component remains constant regardless of the level of activity, while the variable component changes in proportion to the level of activity.