Given the following cost data, what type of cost is shown?
A) mixed cost
B) variable cost
C) fixed cost
D) period cost

Question

Given the following cost data, what type of cost is shown?​​  ​
A) mixed cost 
B) variable cost 
C) fixed cost 
D) period cost

Quizplus · Accepted Answer

The cost data provided is a single amount, which remains constant regardless of production levels or sales revenue. This indicates that it is a fixed cost, as opposed to a variable cost which would increase or decrease with production levels, or a mixed cost which would have both fixed and variable components. The cost data does not provide enough information to determine if it is a period cost or a product cost.

Given the Following Cost Data, What Type of Cost Is