Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on the cost behavior presented below, identify each cost as (V)variable, (F)fixed, (M)mixed. Based on the cost behavior presented below, identify each cost as

Based on the cost behavior presented below, identify each cost as (V)variable, (F)fixed, (M)mixed.


image

Based on the cost behavior presented below, identify each cost as either (V)ariable, (F)ixed or (M)ixed. Cost 1 Total Utility Cost Units Sold 50 100 200 $200.00 $300.00 $500.00 $4.00 $4.00 $4.00 2 Supplies Cost per unit 3 Total Insurance Cost 4 Total Salary Cost 5 Cost per unit of merchandise sold 6 Depreciation cost per unit 7 Total Rent cost 8 Total shipping cost 9 Cell Phone cost per unit 10 Total Depreciation 11 Total Wages Expense 12 Total Commissions Expense $500.00 $500.00 $500.00 $1,500.00 $2,000.00 $3,000.00 $8.00 $30.00 $15.00 $8.00 $8.00 $7.50 $600.00 $600.00 $600.00 $40.00 $80.00 $160.00 $6.00 $4.00 $10.00 $950.00 $950.00 $950.00 $500.00 $1,000.00 $2,000.00 $250.00 $500.00 $1,000.00 Cost 1 Total utility cost 2 Supplies cost per unit 3 Total insurance cost 4 Total salary cost 5 Cost per unit of merchandise sold 6 Depreciation cost per unit 7 Total rent cost 8 Total shipping cost 9 Cell phone cost per unit 10 Total depreciation 11 Total wages expense 12 Total commissions expense V, F, M

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer Based on the cost behavior presented we can identify e... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management for Public Health and Not for Profit Organizations

Authors: Steven A. Finkler, Thad Calabrese

4th edition

133060411, 132805669, 9780133060416, 978-0132805667

More Books

Students also viewed these Accounting questions

Question

In Exercises verify the identity. coshx = 1 + cosh 2x 2

Answered: 1 week ago