Match each following terms with their correct description from the items listed below.
-Must be purchased in chunks
A)Committed fixed cost
B)Discretionary fixed cost
C)Mixed cost
D)Step cost

Question

Quizplus · Accepted Answer

Step costs are costs that increase in chunks as activity levels increase. They must be purchased in specific quantities, such as hiring additional employees or purchasing more machinery.

Match Each Following Terms with Their Correct Description from the Items