Question
A company would like to classify its costs according to cost behavior. The following data is available about one of its costs: Q1 Q2 Q3
A company would like to classify its costs according to cost behavior. The following data is available about one of its costs:
|
| Q1 | Q2 | Q3 |
| Production in Units | 6,000 | 7,000 | 5,800 |
| Cost | 120,000 | 140,000 | 116,000 |
The cost behavior is best described as
a. None of above
b. Variable Cost
c. Fixed Cost
d. Mixed Cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Understanding Cross Cultural Management
Authors: Marie Joelle Browaeys, Roger Price
3rd Edition
1292015896, 978-1292015897
