Asked by Brian Henry on Jun 03, 2024

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Which of the following is not a cost classification?

A) Mixed
B) Multiple
C) Variable
D) Fixed

Cost Classification

Cost Classification involves categorizing costs based on their characteristics, such as fixed vs variable costs, to facilitate financial analysis and management.

Mixed

In finance, this term could refer to an investment portfolio comprising various types of assets, aimed at diversifying risk.

Multiple

A financial metric used to compare a company's market value to its earnings, sales, or other financial measures, often indicating how much investors are willing to pay per dollar of earnings or assets.

  • Discern between the behaviors of variable, fixed, and mixed costs with respect to changes in activity levels.
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Verified Answer

MD
Manvir DhaliwalJun 08, 2024
Final Answer :
B
Explanation :
Mixed, variable, and fixed are all common cost classifications in accounting. However, "multiple" is not a recognized cost classification.