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Classify each cost as being variable or fixed with respect to the number of units of products or services sold by the organization by placing
Classify each cost as being variable or fixed with respect to the number of units of products or services sold by the organization by placing an x in the appropriate column. Cost Behavior Variable Fixed Cost (Measure of Activity) 1. The cost of small glass plates used for lab tests in a hospital (Number of lab tests performed). 2. A boutique jewelry store's cost of leasing retail space in a mall (Dollar sales). 3. Top management salaries at FedEx (Total sales). 4.Electrical costs of running production equipment at a Toyota factory (Number of vehicles produced). 5. The cost of insuring a dentist's office against fire (Patient-visits). 6. The cost of commissions paid to salespersons at a Honda dealer (Total sales). 7. The cost of heating the intensive care unit at Swedish Hospital (Patient-days). 8. The cost of batteries installed in trucks produced at a GM factory (Number of trucks produced). 9. The salary of a university professor (Number of students taught by the professor). 10. The costs of cleaning supplies used at a fast-food restaurant to clean the kitchen and dining areas at the end of the day (Number of customers served). *May include a small variable element
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