Question: Interpreting Cost Behavior Graphs Examine the graphs in Exercise 3-42. As explained in the chapter, cost behavior patterns can be described as fixed, variable, semi-variable,

Interpreting Cost Behavior Graphs Examine the graphs in Exercise 3-42. As explained in the chapter, cost behavior patterns can be described as fixed, variable, semi-variable, mixed, or step function (i.e., semi-fixed) in nature.

Required:

1. Explain the exact type of cost behavior pattern represented by each of the cost curves shown in Graphs A through L. Note that some of the graphs might represent a combination of multiple cost behavior patterns.

2. Briefly explain how a graph (such as those shown in A through L) of a cost behavior description (such as those provided in 1 through 7) represents an example of data visualization.

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