Fixed, Variable, and Mixed Costs

Which of the following cost categories is an alternative to a mixed or semi variable cost?

Fixed cost

What is an example of a mixed cost?

A phone bill

Which of the factors change variable costs?

Activity

What are fixed costs?

Are not dependent on levels of goods sold

Which of the following is an example of variable cost?

Electricity usage

What is one of the three main types of costs categories?

Mixed

Variable costs are those that will __________ based on volume.

decrease increase

Given the two examples, which cost category do they represent? The salary of a service businesses manager or supervisor. and Utility costs for a retail business.

fixed costs

Costs that have components of both fixed and variable are known as __________.

semi variable costs

Given the two examples, which category of costs do they represent? Hair stylists' shampoo, gel, laundry service, and technician pay - if they are paid by the number of clients served at a hair salon. and The costs of auto repair parts used at an auto repair shop.

variable costs

Given the two examples, which cost category do they represent? The costs of inventory a retailer or wholesaler buys to later resell. and Commissions for a salesperson who works 100% on commission.

variable costs