Asked by Celeste Machado on May 14, 2024
Verified
Cost B is best described as?
A) fixed
B) mixed
C) step-variable
D) variable
Cost Described
A term that could refer to the detailed explanation or breakdown of the expenses associated with a particular object, activity, or project. If this term is assumed not standard, answer would be NO.
- Understand the different forms of costs, including fixed, variable, mixed, and step-variable, and their conduct within the relevant range.
Verified Answer
AA
Abdifitah AbdullahiMay 17, 2024
Final Answer :
A
Explanation :
Cost B is best described as fixed because it remains constant regardless of the level of activity or production volume.
Learning Objectives
- Understand the different forms of costs, including fixed, variable, mixed, and step-variable, and their conduct within the relevant range.
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