Question: Write an essay that covers the following topics: -Explain the meaning of discretionary and committed fixed costs (provide example). - Explain the formula: Total variable

Write an essay that covers the following topics: 

-Explain the meaning of discretionary and committed fixed costs (provide example). 

- Explain the formula: Total variable costs = Variable rate x Amount of output (provide example). 

-Explain the concept of mixed costs 

-Describe the concept of step costs

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