1-----discuss fixed and variable costs in your own life (they can be real or fictitious). I'd like at least 2 well writen para commenting on these costs and their behavior; what kind of things would make the costs increase/decrease for variable or do the costs stay the same no matter what for fixed.

2----

\fAssume the fixed manufacturing costs were $20,034 and the fixed selling and administrative expenses were $8,590. Prepare an income statement according to the variable costing concept. Round all final answers to whole dollars. Weatherford Company Variable Costing Income Statement For the Month Ended November 30 Sales 112,500 Variable cost of goods sold: Variable cost of goods manufactured 75,366 Inventory, November 30 Total variable cost of goods sold Manufacturing margin Variable selling and administrative expenses V 8,950 Contribution margin Fixed costs: Fixed manufacturing costs 20,034 Fixed selling and administrative expenses 8,590 Total fixed costs 28,624 Income from operations V Feedback\fLabels and Amount Descriptions Labels August 31 Cost of goods sold Fixed costs For the Month Ended August 31 Variable cost of goods sold Amount Descriptions Contribution margin Contribution margin ratio Cost of goods manufactured Fixed manufacturing costs Fixed selling and administrative expenses Gross profit Income from operations Inventory, August 31 Loss from operations