You are given the following cost and volume information: Which type of cost is given?
A) Variable
B) Fixed
C) Step
D) Mixed

Question

You are given the following cost and volume information:  Which type of cost is given?
A) Variable 
B) Fixed 
C) Step 
D) Mixed

Quizplus · Accepted Answer

The given information includes volume information, which suggests that the cost is dependent on the level of activity or production volume. This indicates a variable cost, which changes in proportion to the level of activity or production. The other cost types (fixed, step, and mixed) do not necessarily vary with changes in volume.

You Are Given the Following Cost and Volume Information