Classifying costs by behavior involves:
A) Identifying fixed cost and variable cost.
B) Identifying cost of goods sold and operating costs.
C) Identifying all costs.
D) Identifying costs in a physical manner.
E) Identifying both quantitative and qualitative cost factors.

Question

Quizplus · Accepted Answer

Classifying costs by behavior involves identifying fixed costs (costs that stay the same regardless of production levels) and variable costs (costs that change based on production levels).

Classifying Costs by Behavior Involves