1. One expense item of the HFT Corp. was $36,000 when the total revenues of $100,000 in one month. In another month, the same expense item was $32,400, when the total revenues were $90,000. What type of cost would this be?

a fixed cost item

a variable cost item

a mixed cost item

Let's ask an accountant

2. Another expense item was 24% of the total revenues in one year when the revenues were $100,000. In the next year, the total revenues were $120,000, and the same expense item was 20% of the revenues. What type of cost would this be a fixed cost, a variable cost, or a mixed cost?

a fixed cost item

a variable cost item

a mixed cost item

Let's ask an accountant