Question
Select cost information for Gott Corporation is as follows: Total cost at 500 units of output Total cost at 750 units of output Cost A
Select cost information for Gott Corporation is as follows:
| Total cost at 500 units of output | Total cost at 750 units of output |
Cost A | $3,250 | $4,250 |
Cost B | $15,000 | $22,500 |
Cost C | $8,250 | $8,250 |
Based on this information, which of the following best describes costs A, B, and C?
a. | Cost A is a mixed cost; Cost B is a mixed cost; Cost C is a fixed cost | |
b. | Cost A is a variable cost; Cost B is a mixed cost; Cost C is a fixed cost | |
c. | Cost A is a mixed cost; Cost B is a variable cost; Cost C is a fixed cost | |
d. | Cost A is a variable cost; Cost B is a variable cost; Cost C is a fixed cost |
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