12. For a mixed cost, the high-low method determines the breakout between which of the following:

a variable element and a fixed element.

both operating and nonoperating costs.

both retailing and manufacturing costs.

both selling and administrative costs.

13. Select the proper classification for each of the account names provided.

#	Account Name	Classification
1	Retained Earnings	[ Select ] ["Owner's Equity", "Asset", "Contra-Equity", "Revenue"]
2	Salary Expense	[ Select ] ["Contra-Equity", "Asset", "Liability", "Revenue"]
3	Patent	[ Select ] ["Asset", "Liability", "Revenue", "Expense", "Contra-Asset"]
4	Utility Payable	[ Select ] ["Liability", "Contra-Equity", "Owner's Equity", "Contra-Asset"]