A mixed cost contains

A) a variable element and a fixed element.
B) both selling and administrative costs.
C) both retailing and manufacturing costs.
D) both operating and nonoperating costs.

Mixed Cost

A cost composed both of variable and fixed elements, where part of the expense varies with the level of output while the rest remains constant.

Variable Element

An element in planning or statistical analysis that can change or vary, affecting the outcomes or results.