Answer to Question #79333 in Finance for Hugh Heron

Question #79333
Identify and describe cost behaviour characteristics for the different cost elements of a product or service.
1
Expert's answer
2018-08-01T01:10:08-0400
Cost behavior is associated with learning how costs change when there is a change in an organization's level of activity. The costs which vary proportionately with the changes in the level of activity are referred to as variable costs.
Source:
https://www.accountingcoach.com/blog/what-is-cost-behavior&ved=2ahUKEwiZ9MnVicHcAhWO26QKHT1MBu4QFjAAegQIARAB&usg=AOvVaw1zjaM5AzcBsvF--aFDmEf_

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS