The three most common cost behavior classifications are a. variable costs, period costs, and differential costs b. variable costs, sunk costs, and opportunity costs c. fixed costs, variable costs, and mixed costs d. variable costs, product costs, and sunk costs

Question

Sanaa Norman

Business

29 October, 06:47

The three most common cost behavior classifications are a. variable costs, period costs, and differential costs b. variable costs, sunk costs, and opportunity costs c. fixed costs, variable costs, and mixed costs d. variable costs, product costs, and sunk costs

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Answers (1)

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Esther Harmon · Answer 1

The answer is fixed costs, variable costs, and mixed costs

Explanation:

This categorization is based on how they response to the level of production. Variable costs are directly proportionate with the production ouwhile fixed costs are not.