Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which of the following is true of a mixed cost? it decreases when output decreases it consists of only one cost component it remains constant

which of the following is true of a mixed cost?

it decreases when output decreases

it consists of only one cost component

it remains constant irrespective of changes in output

it has the same cost behavior as a step cost

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What do you understand by business etiquette?

Answered: 1 week ago

Question

What is cultural tourism and why is it growing?

Answered: 1 week ago