A cost that has both the characteristics of fixed cost and variable cost is known as a?
A) mixed cost.
B) variable fixed cost.
C) sunk cost.
D) discretionary cost.

Question

Quizplus · Accepted Answer

A mixed cost has elements of both fixed and variable costs. Its fixed component remains constant regardless of the level of production, while its variable component varies with the level of production. This type of cost is also known as a semi-variable cost.

A Cost That Has Both the Characteristics of Fixed Cost