Asked by Apple joy!!! on Jul 21, 2024
Verified
Which of the following is not a mixed cost?
A) Car rental fee
B) Electricity
C) Depreciation
D) Telephone Expense
Mixed Cost
An expense that contains both variable and fixed cost components.
Car Rental
The process of temporarily using a vehicle for a period, typically ranging from a few hours to weeks, against a fee.
Electricity
A form of energy resulting from the existence of charged particles, widely used as power for numerous applications.
- Identify and differentiate between fixed, variable, and mixed costs.
Verified Answer
JF
Jennifer FuentesJul 27, 2024
Final Answer :
C
Explanation :
Depreciation is a fixed cost, not a mixed cost. Mixed costs have both fixed and variable components. Car rental fees, electricity, and telephone expenses all have both fixed and variable components, making them mixed costs.
Learning Objectives
- Identify and differentiate between fixed, variable, and mixed costs.