Asked by
Lucas Nolan
on Nov 17, 2024Verified
Costs that remain constant in total dollar amount as the level of activity changes are called ________ costs.
A) fixed
B) mixed
C) product
D) variable
Fixed Costs
Expenses that do not vary with the volume of production or sales, such as rent, salaries, and insurance.
Activity Changes
Fluctuations or variations in the operations of a business that can affect its financial performance and necessitate managerial adjustments.
- Differentiate among fixed, variable, and mixed expenses in everyday scenarios.
Verified Answer
EM
Learning Objectives
- Differentiate among fixed, variable, and mixed expenses in everyday scenarios.