A cost that has both a fixed and variable component is known as a:
A) step-fixed cost.
B) step-variable cost.
C) semivariable cost.
D) curvilinear cost.
E) discretionary cost.

Question

Quizplus · Accepted Answer

Semivariable costs, also known as mixed costs, have both fixed and variable components. This means part of the cost remains constant up to a certain level of activity, while the other part varies with the level of activity.

A Cost That Has Both a Fixed and Variable Component