Determine what type of cost they are observing

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Reference no: EM133526176

Quincy Corporation is trying to determine what type of cost they are observing. As sales increased the total amount this cost increased also. It looks as if it stays fixed in percentage terms at 20% of sales even as sales vary. Based on this relationship, would you say this cost is a fixed cost, variable cost, mixed cost, or a stepped cost?

Reference no: EM133526176

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