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The Greek Corporation incurs three types of costs (labled as Cost#101, Cost#102 and Cost#103) in its manufacturing process. The following table presents total costs for
The Greek Corporation incurs three types of costs (labled as "Cost#101, Cost#102 and Cost#103) in its manufacturing process. The following table presents total costs for each type of cost for two different production levels: | ||||||
Production quantity | Cost # 101 | Cost #102 | Cost # 103 | |||
4,000 | $6,000 | $14,875 | $9,000 | |||
7,000 | $10,500 | $14,875 | $15,000 | |||
Identify whether each cost is variable, fixed or mixed. The answer choices given list the type of cost in order for Cost#101, Cost#102 and Cost#103. |
A. |
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B. |
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C. |
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D. |
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