Consider the following equation:
Total cost = fixed costs + (cost driver rate  cost driver quantity)
If a cost can be estimated using this equation, it is probably a:

A) fixed cost.
B) variable cost.
C) mixed or semivariable cost.
D) non-linear cost.

Semivariable Cost

Expenses that have both fixed and variable components, changing in total with activity level but not proportionally.

Total Cost

The sum of all costs associated with the production or acquisition of goods or services, including fixed and variable costs.

Cost Driver Rate

A rate that identifies the cost per unit of activity for a particular cost driver, aiding in the allocation of overhead costs based on actual usage or consumption.