Question
Classify the following planned costs as: (A) purely variable costs (B) mixed costs (C) step costs (D) discretionary fixed costs (E) committed fixed costs ___
Classify the following planned costs as:
(A) purely variable costs
(B) mixed costs
(C) step costs
(D) discretionary fixed costs
(E) committed fixed costs
___ 1. Payment on long-term mortgage loan.
___ 2. Electricity used in operating equipment.
___ 3. A lump sum amount of advertising costs planned by a local restaurant.
___ 4. Nursing supervisors' salaries (a supervisor is needed for every 10 nurses).
___ 5. Costs for personnel training.
___ 6. Payment to a consulting firm.
___ 7. Shipping costs.
___ 8. Repairs of plant equipment.
___ 9. Property taxes.
___ 10. Insurance on factory machines.
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