Select the appropriate item for each of the definitions listed below.
-a description of how a cost changes when the level of output changes
A)relevant range
B)cost behavior
C)driver
D)variable cost
E)fixed cost

Question

Quizplus · Accepted Answer

Cost behavior refers to how costs respond to changes in the level of output. It can be classified as variable cost, fixed cost, or mixed cost.

Select the Appropriate Item for Each of the Definitions Listed