Variable operating costs and fixed operating costs constitute total operating costs.

Name: Variable operating costs and fixed operating costs constitute total operating costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total operating costs can be divided into two categories: variable operating costs, which vary with production or sales volume, and fixed operating costs, which remain constant regardless of production or sales volume. Together, these make up the total operating costs.

Variable Operating Costs and Fixed Operating Costs Constitute Total Operating