Question
1. Find a company or store that you have visited or toured recently. Briefly explain this place 2. Describe two VARIABLE COSTS that exist in
1. Find a company or store that you have visited or toured recently. Briefly explain this place 2. Describe two VARIABLE COSTS that exist in the entity you selected and explain why you believe each one is a variable cost. In your answer, describe how the cost behaves in response to changes in activity volume. 3. Describe two FIXED COSTS that exist in this entity and explain why you believe each one is a fixed cost. In your answer, describe how the cost behaves in response to changes in activity volume. 4. Describe two MIXED COSTS in your entity and explain why you believe each one is a mixed cost. In your answer, describe how the cost behaves in response to changes in activity volume.
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