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Mixed costs are also referred to as semivariable costs. True False

Mixed costs are also referred to as semivariable costs.

True

False

Business   Accounting   
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Answer #1

A semi-variable cost, also known as a semi-fixed cost or a mixed cost, is a cost composed of a mixture of both fixed and variable components. Costsare fixed for a set level of production or consumption, and become variable after this production level is exceeded.

A mixed cost is expressed by the algebraic formula y = a + bx, where: y is the total cost. a is the fixed cost per period. b is the variable rate per unit of activity.

Hence , True is the right answer .

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