CMA Part 1 | Financial Planning, Performance, and Analytics | Cost Behavior
Channel: LetsLearn Global
Date: 25/11/2019

Cost behavior is an indicator of how a cost will change in total when there is a change in some activity. In cost accounting and managerial accounting, three types of cost behavior are usually discussed:

Variable costs:
The total amount of a variable cost increases in proportion to the increase in an activity. The total amount of a variable cost will also decrease in proportion to the decrease in an activity.

Fixed costs:
 The total amount of a fixed cost will not change when an activity increases or decreases.

Mixed or semivariable costs. These costs are partially fixed and partially variable.

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