Accounting Dictionary - Letter M
(also called semivariable costs or semifixed costs) are costs that contain components of both variable and fixed cost behavior patterns. An example of a mix cost is retail office rent which includes a flat rent amount and an additional amount calculated as a percentage of the store's sales.
Don't see the term you are looking for? Try searching our entire website:
Not a member?
See why people join our
online accounting course:
online accounting course:
