Answer to Question #79333 in Finance for Hugh Heron

Question

Identify and describe cost behaviour characteristics for the different cost elements of a product or service.

Answer 1

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_