key characteristics of fixed costs,”- total fixed costs stay constant over a wide range of volume-total fixed costs per unit of activity vary inversely with changes in volume:–fixed cost per unit of activity increases when volume decreases–fixed cost per unit of activity decreases when volume increases-total fixed cost graphs are always flat lines with no slop that intersect the y-axis at a level equal to total fixed costs-total fixed costs can be expressed as y=fwhere

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key characteristics of mixed costs,”total mixed costs increase as volume increases because of the variable cost component- mixed cost per unit decrease as volume increases because of the fixed cost component-total mixed costs graphs slop upward but do not begin at the origin– they intersect at the y-axis at the level of fixed costs-total mixed costs can be expressed as a combination of the variable and fixed cost equations:total mixed costs=variable cost component + fixed cost componenty=vx +fwhere

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