A cost that changes in total dollar amount with the change in the level of activity is known as:

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Question

A cost that changes in total dollar amount with the change in the level of activity is known as:

Fixed cost
Variable cost
Conversion cost
Mixed cost

business economics

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Answer 1

Answer #1

Answer is option B)

Variable cost ,

Bcoz mixed cost includes both fixed & Variable costs

While fixed doesn't change with level of activity

Conversion costs exclude raw material costs

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Answer 2

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A cost that changes in total dollar amount with the change in the level of activity is known as:

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A cost that changes in total dollar amount with the change in the level of activity is known as:

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