Which of the following is another term for mixed costs?

Question

Quizplus · Accepted Answer

Mixed costs are also known as semivariable costs because they have both fixed and variable components. Semifixed costs refer specifically to costs that have a minimum level of fixed costs that must be incurred regardless of activity level, while mixed costs can have any level of fixed costs in relation to the variable portion. Component costs is not an accurate term for mixed costs, as it could refer to any individual cost element included in a larger cost category.

Which of the Following Is Another Term for Mixed Costs