Respuesta :
Estimating the fixed and variable components of a mixed cost using the engineering approach involves a detailed analysis of what cost behavior should be.
To arrive at the ideal solution to a problem, the engineering technique is a methodical approach. From the definition of the problem to the intended outcome, there are six processes (or phases): idea, concept, planning, design, development, and launch.
The variable and fixed components are incurred by businesses during the production process. The amount of product generated determines the fluctuation in variable costs. Raw materials, labour, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant.
Rental fees, taxes, and insurance are some instances of fixed expenses. Direct labour, commission, and credit card fees are a few examples of variable expenses.
Cost behaviour serves as a predictor of how a cost will vary overall when an activity is changed. Three distinct cost behaviour categories are often covered in cost accounting and managerial accounting: variable expenses A variable cost's overall amount rises in direct proportion to an activity's growth.
The complete question is:
Estimating the fixed and variable components of a mixed cost using the ____ approach involves a detailed analysis of what cost behavior should be.
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