Which of the following statements most accurately explains the behavior of costs?
A) There is no norm; rather, costs can be fixed, variable, or a combination of both.
B) The majority of costs are variable per unit of production.
C) The majority of costs are fixed per unit of production.
D) Costs can be fixed or variable but usually not a combination of both.

Question

Quizplus · Accepted Answer

There is no one-size-fits-all answer to the behavior of costs as they can be fixed, variable or a combination of both. The behavior of costs depends on the specific business and its operations.

Which of the Following Statements Most Accurately Explains the Behavior