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Tracy Neree
on Oct 11, 2024

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The relative proportion of variable, fixed, and mixed costs in a company is known as the company's:

A) contribution margin.
B) cost structure.
C) product mix.
D) relevant range.

Cost Structure

The composition of a company's costs, including fixed and variable costs, that affects its profitability.

Variable Costs

Costs that vary directly with the level of production output or service delivery.

Mixed Costs

Costs comprising both constant and fluctuating elements, altering in aggregate with activity levels yet not in direct correlation.

  • Understand the concept of cost behavior and how costs change with varying levels of activity.
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DC
Dontez CrawfordOct 17, 2024
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