Accounting · Cost Behavior
Which of the following graphical representations illustrates a step-fixed cost when the vertical axis represents total cost incurred?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A single continuous straight line passing through the origin
- 2A smooth downward curving line reaching zero at higher output levels
- 3A continuous straight line starting above the origin and sloping upward continuously
- 4A series of horizontal line segments that step upward at specific activity thresholds✓
Correct answer
A series of horizontal line segments that step upward at specific activity thresholds
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