Telephone costs are USUALLY classified as:Group of answer choicesvariable costs.fixed costs.irrelevant costs.mixed costs.
Question
Telephone costs are USUALLY classified as:Group of answer choicesvariable costs.fixed costs.irrelevant costs.mixed costs.
Solution
Telephone costs are typically classified as mixed costs. This is because they have both fixed and variable components. The fixed component is the basic fee that you have to pay each month regardless of how much you use the phone. The variable component is the additional cost that depends on how much you use the phone. For example, if you make a lot of long-distance calls, your telephone bill will be higher.
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