In cost-volume-profit (CVP)analysis relevant costs include variable, fixed, and mixed costs.

Name: In cost-volume-profit (CVP)analysis relevant costs include variable, fixed, and mixed costs.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

In CVP analysis, only variable costs are considered relevant because they change with the level of production or sales, while fixed costs remain constant. Mixed costs are typically separated into their variable and fixed components for analysis.

In Cost-Volume-Profit (CVP)analysis Relevant Costs Include Variable, Fixed, and Mixed