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QS 21-1 Cost behavior identification LO C1 Listed here are four series of separate costs measured at various volume levels. Volume (Units) Series 1 Series
QS 21-1 Cost behavior identification LO C1
Listed here are four series of separate costs measured at various volume levels.
Volume (Units) | Series 1 | Series 2 | Series 3 | Series 4 | ||||||||||
0 | $ | 450 | $ | 0 | $ | 800 | $ | 100 | ||||||
100 | 450 | 800 | 800 | 105 | ||||||||||
200 | 450 | 1,600 | 800 | 120 | ||||||||||
300 | 450 | 2,400 | 1,600 | 145 | ||||||||||
400 | 450 | 3,200 | 1,600 | 190 | ||||||||||
500 | 450 | 4,000 | 2,400 | 250 | ||||||||||
600 | 450 | 4,800 | 2,400 | 320 | ||||||||||
Examine each series and identify whether it is best described as a fixed, variable, step-wise, or curvilinear cost. It can help to graph the cost series.
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