See also cost behavior pattern.
| Cost Assignment Path, Cost Allocation, Cost Accumulation | |
| Cost Behavior Pattern, Cost Center, Cost Control |
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
Accounting
Separating mixed costs into their variable and fixed elements. Mixed costs are common to a wide range of firms. Examples of mixed costs include sales compensation, repairs and maintenance, and factory overhead in general.Mixed costs must be separated into the variable and fixed elements in order to be included in a variety of business planning analyses such as cost - volume - profit (cvp) analysis. There are several methods available for this purpose including the least - squares method.
See also cost behavior pattern.
See also cost behavior pattern.