What are mixed or semivariable costs? Give an example of a mixed cost.
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A mixed or semivariable cost has a fixed component and a variable component. Examples would be utilities or compensation of sales staff. For example, if sales personnel receive a salary and a commission, their compensation has a variable part (the commission, which varies with sales) and a fixed part (the salary).
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Answer the following statement true (T) or false (F)
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What will be an ideal response?