Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a:
a) variable cost
b) fixed cost
c) step - fixed cost
d) mixed cost
a) variable cost
b) fixed cost
c) step - fixed cost
d) mixed cost
1 answer
1 answer
1 answer
1 answer