10) Costs that have both variable and fixed components are called: A) fixed cost. B) variable cost. C) mixed cost. D) contribution cost. 11) Jezebel Company incurred fixed costs of $300,000. Total costs, both fixed and variable, are $450,000 when 50,000 units are produced. It sold 35,000 units during the year. Calculate the variable cost per unit. A) $9 B) $12 C) $6 D) $3 12) Anthony Company's highest point of total cost was $75,000 in June. Their point of lowest cost was $50,000 in December. The company makes a single product. Production volume in June and December were 13,000 and 8,000 units, respectively. What is the fixed cost per month? A) $50,000 B) $20,000 C) $10,000 D) $8,000 13) First Buy Company provided the following manufacturing costs for the month of June. Direct labor cost Direct materials cost Equipment depreciation (straight-line) Factory insurance Factory manager's salary Janitor's salary Packaging costs Property taxes $136,000 80,000 24,000 19,000 12,800 5,000 18,800 16,000 From the above information, calculate First Buy's total variable costs. A) $311,600 B) $62,300 C) $234,800 D) $38,400 14) Contribution margin is the difference between net sales revenue and variable costs. A) TRUE B) FALSE 15) A(n) groups cost by behavior; that is, costs are classified as either variable costs or fixed costs. A) balance sheet B) contribution margin income statement C) traditional income statement D) absorption costing income statement