Asked by
Tracy Neree
on Oct 11, 2024Verified
The relative proportion of variable, fixed, and mixed costs in a company is known as the company's:
A) contribution margin.
B) cost structure.
C) product mix.
D) relevant range.
Cost Structure
The composition of a company's costs, including fixed and variable costs, that affects its profitability.
Variable Costs
Costs that vary directly with the level of production output or service delivery.
Mixed Costs
Costs comprising both constant and fluctuating elements, altering in aggregate with activity levels yet not in direct correlation.
- Understand the concept of cost behavior and how costs change with varying levels of activity.
Verified Answer
DC
Learning Objectives
- Understand the concept of cost behavior and how costs change with varying levels of activity.
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