The formula for expressing the total of a fixed, variable, or mixed cost at any level of activity is: total cost = fixed cost + (variable rate * volume of activity). This formula takes into account both the fixed cost and the variable cost, allowing us to calculate the total cost.
The formula for expressing the total of a fixed, variable, or mixed cost at any level of activity is:
total cost = fixed cost + (variable rate * volume of activity)
This formula takes into account both the fixed cost, which remains constant regardless of the level of activity, and the variable cost, which changes based on the volume of activity. By multiplying the variable rate by the volume of activity and adding it to the fixed cost, we can calculate the total cost.