Which of the following is not true?
A) Mixed costs are comprised of both fixed costs and variable costs, and as a result, mixed costs increase proportionately with an increase in activity level.
B) Mixed costs change in total, but not proportionately with the change in activity level.
C) An electricity bill is an example of mixed costs.The fixed portion represents the cost of having the service available and the variable cost is reflective of actual customer usage.
D) Mixed costs are also known as semi-variable costs.
Correct Answer:
Verified
Q40: Which one of the following is an
Q41: Which of the following statements is true?
A)In
Q42: Fees for office cleaning and maintenance in
Q43: Which of the following would most likely
Q44: Variable costs
A)vary in total as activity varies.
B)vary
Q46: The cost of the management accountant working
Q47: The relevant range can be commonly understood
Q48: Mixed costs
A)change in proportion to changes in
Q49: A curvilinear relationship between variable costs and
Q50: Manufacturing overhead is a
A)direct, variable, product cost.
B)direct,
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