Accounting · Management Accounting
A total cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term. What type of cost is this?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A stepped fixed cost✓
- 2A semi-variable cost
- 3A variable cost
- 4A fixed cost
Correct answer
A stepped fixed cost
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