Asked by
melisa Gerakoulias
on Oct 11, 2024
Verified
Cost behavior is considered curvilinear whenever a straight line is a reasonable approximation for the relation between cost and activity.
Cost Behavior
The way in which a cost reacts to changes in the level of activity.
Curvilinear
Describes a graph or relationship that displays a curve, illustrating that changes between two variables are not constant but vary at different rates.
- Understand the impact of cost behavior on financial reporting and decision-making.
Verified Answer
FA
Learning Objectives
- Understand the impact of cost behavior on financial reporting and decision-making.