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XYZ Motors has gathered data on its production costs for the past six months. The data shows that total production costs were $50,000 in May,
XYZ Motors has gathered data on its production costs for the past six months. The data shows that total production costs were $50,000 in May, $60,000 in June, $70,000 in July, $80,000 in August, $90,000 in September, and $100,000 in October. Analyze the cost behavior and classify each cost as fixed, variable, or mixed. Provide reasoning for your classifications.
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