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Generic Motors incurs three types of costs (a, b and c) in its manufacturing process. The following table presents total costs for each type for
Generic Motors incurs three types of costs (a, b and c) in its manufacturing process. The following table presents total costs for each type for two different activity levels:
Required: Identify whether each cost is fixed, mixed or variable?
Cost a =
fixed mixed variable
Cost b =
mixed variable fixed
Cost c =variable fixed mixed
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