Question
From my understanding after looking into cost behavior is that the costs are broken into 3 different sub category costs: Variable, Fixed, and Mixed Costs.
From my understanding after looking into cost behavior is that the costs are broken into 3 different sub category costs: Variable, Fixed, and Mixed Costs. The three categories break down the overall costs in a company; Fixed doesn't change, Variable changes, and Mixed consists of a finance cost that is constant and includes a changing cost. Using the 3 types of costs, management is able to predict total costs based on previous costs. In simplest terms, cost behavior just analyzes types of spending from a business.
Q. Expand on one of the cost behaviors?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started