Tesla, Inc. manufactures electric vehicles using mixed costing. In August 2030, the company incurs the following costs related to its production and distribution:

• Direct Materials: $150 million
• Direct Labor: $80 million
• Factory Overhead: $60 million
• Selling Expenses: $30 million
• Distribution Expenses: $20 million
• Indirect Expenses: $25 million

Required:

• Classify each cost as direct, indirect, fixed, variable, or semi-variable.
• Calculate the total mixed costs for Tesla, Inc.
• Allocate factory overhead and indirect expenses to production and distribution activities.
• Analyze the cost behavior of mixed costs in the automotive industry.
• Prepare a mixed costing statement for Tesla, Inc.