A cost that contains both fixed and variable elements is referred to as a:
A) mixed cost.
B) hybrid cost.
C) relevant cost.
D) nonvariable cost.

Question

Quizplus · Accepted Answer

A cost that contains both fixed and variable elements is termed as a mixed cost. This cost includes both fixed and variable components, with the fixed component being incurred regardless of the level of activity, while the variable component fluctuates with the level of activity.

A Cost That Contains Both Fixed and Variable Elements Is