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Mixed costs are costs that have both a fixed and a variable component. a. True b. False
Mixed costs are costs that have both a fixed and a variable component.
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a mixed cost is a cost that has both the characteristics of variable and fixed costs Meaning that it has a component that increases or decreases with the level of activity It also has a component that stays asis no matter what the level of activity is Mixed cost is also referred to as semivariable or semifixed cost ...
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
8th Edition
9781439044612, 1439044619, 978-1111626822
