Netflix, Inc. provides streaming services using mixed costing. In June 2032, the company incurs the following costs related to its production and distribution:

• Direct Materials: $180 million
• Direct Labor: $100 million
• Factory Overhead: $70 million
• Selling Expenses: $40 million
• Distribution Expenses: $25 million
• Indirect Expenses: $30 million

Required:

• Classify each cost as direct, indirect, fixed, variable, or semi-variable.
• Calculate the total mixed costs for Netflix, Inc.
• Prepare a cost-volume-profit analysis assuming sales revenue of $700 million.
• Analyze the cost behavior and profitability of Netflix, Inc.
• Prepare a mixed costing statement for Netflix, Inc.