Use the following to answer questions:
Josh Corp. has the following sales and operating expense data for July and August:
(Hint: Use the high-low method to help you answer these questions)

-Cost A is considered to be a _____ cost.
A) Variable
B) Semi variable
C) Fixed
D) Step (semi fixed)

Question

Use the following to answer questions:
Josh Corp. has the following sales and operating expense data for July and August:
(Hint: Use the high-low method to help you answer these questions)
 
-Cost A is considered to be a _____ cost.
A) Variable 
B) Semi variable 
C) Fixed 
D) Step (semi fixed)

Quizplus · Accepted Answer

Fixed costs are expenses that do not change with the level of production or sales, such as rent, salaries, and insurance. Cost A, without specific context, is labeled as a fixed cost in this question.

Use the Following to Answer Questions