Quincy Corporation observed the following behavior in sales and a cost over the past few years: behavior
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Question:
Quincy Corporation observed the following behavior in sales and a cost over the past few years:
behavior in sales and a cost | ||||
Sales and Cost | Year 1 | Year 2 | Year 3 | Year 4 |
Unit Sales | 1,000 | 1,500 | 2,000 | 3,000 |
Total Sales | $1,000 | $1,500 | $2,000 | $3,000 |
Cost | $500 | $500 | $500 | $500 |
Based on this relationship would you say this cost is fixed, variable, mixed, or stepped? Why?
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