Question

A cost that includes both fixed and variable cost components is called a:______a. mixed cost.b. step-variable cost.c. composite cost.d. curvilinear cost.e. differential cost.

Answer 1

The answer is A. Mixed cost

Step-by-step explanation:

• A mixed cost is an expense that has attributes of both fixed and variable costs.
• In other words, it’s a cost that changes with the volume of production like a variable cost and can’t be completely eliminated like a fixed cost.