Renting a car and paying $15 per day plus $.03 per mile driven is an example of what type of cost?
A) Conversion cost
B) Fixed cost
C) Mixed cost
D) Variable cost

Name: Renting a car and paying $15 per day plus $.03 per mile driven is an example of what type of cost? A) Conversion cost B) Fixed cost C) Mixed cost D) Variable cost
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Question

Quizplus · Accepted Answer

This cost is a mixed cost because it has both a fixed component (the $15 per day) and a variable component (the $.03 per mile driven).

Renting a Car and Paying $15 Per Day Plus