Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,350 tons of ore were extracted: Fincurred only in December. Peak activity of 2,650 tons occurred in June, resulting in mining labor/fringe benefit costs of $450,500, royalties of $2.60,750, and trucking and houling outloys of $292,185. The trucking and hauling outlays exhibit the following behavior: Antioch uses the high-low method to analyze costs. Required: 1. Classify the five costs listed in terms of their behavior: variable, step-variable, committed fixed, discretionary fixed. step-fixed, or semivariable. 2. Calculate the total cost for next February when 1,650 tons are expected to be extracted. 3-a. Is hauling 1,350 tons with respect to Antioch's trucking/hauling cost behavior cost-effective? 3-b. If the company plans to extract 1,350 tons, at what number of tons can cost-effectiveness be achieved? 4. Distinguish between committed and discretionary fixed costs. If Antloch were to experience severe economic difficulties, which of the two types of fixed costs should management try to cut? 5. Speculate as to why the company's charitable contribution cost arises only in Decembec. Complete this question by entering your answers in the tabs below. Classify the five costs listed in terms of their behavior: variable, step-vanoble, committed fixed, discretionary fixed, stepfixed, or semivariable. Complete this question by entering your answers in the tabs below. Calculate the total cost for next February when 1,650 tons are expected to be extracted. Complete this question by entering your answers in the tabs below. If the company plans to extract 1,350 tons, at what number of tons can cost-effectiveness be achieved? Antioch Extraction, which mines ore in Montana, uses a calendar year for both financial-reporting and tax purposes. The following selected costs were incurred in December, the low point of activity, when 1,350 tons of ore were extracted: Fincurred only in December. Peak activity of 2,650 tons occurred in June, resulting in mining labor/fringe benefit costs of $450,500, royalties of $2.60,750, and trucking and houling outloys of $292,185. The trucking and hauling outlays exhibit the following behavior: Antioch uses the high-low method to analyze costs. Required: 1. Classify the five costs listed in terms of their behavior: variable, step-variable, committed fixed, discretionary fixed. step-fixed, or semivariable. 2. Calculate the total cost for next February when 1,650 tons are expected to be extracted. 3-a. Is hauling 1,350 tons with respect to Antioch's trucking/hauling cost behavior cost-effective? 3-b. If the company plans to extract 1,350 tons, at what number of tons can cost-effectiveness be achieved? 4. Distinguish between committed and discretionary fixed costs. If Antloch were to experience severe economic difficulties, which of the two types of fixed costs should management try to cut? 5. Speculate as to why the company's charitable contribution cost arises only in Decembec. Complete this question by entering your answers in the tabs below. Classify the five costs listed in terms of their behavior: variable, step-vanoble, committed fixed, discretionary fixed, stepfixed, or semivariable. Complete this question by entering your answers in the tabs below. Calculate the total cost for next February when 1,650 tons are expected to be extracted. Complete this question by entering your answers in the tabs below. If the company plans to extract 1,350 tons, at what number of tons can cost-effectiveness be achieved
