A cost that increases or decreases only in response to more than a unit change in the activity level is known as a step-variable cost.

Name: A cost that increases or decreases only in response to more than a unit change in the activity level is known as a step-variable cost.
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Question

Quizplus · Accepted Answer

A step-variable cost is a cost that remains constant within certain activity levels, but increases or decreases in response to a step-change or a significant increase or decrease in activity level.

A Cost That Increases or Decreases Only in Response to More