Classify each of the firm 's costs as fixed, variable, or semi variable Consider how they would change for both one and two stands selling Be prepared to explain why your classified each cost the way you did Also, discuss what the relevant range is for determining the behavior of these costs and wh...

Fixed costs are those costs that do not change due to changes in the production volume For exam ...

Classify each of the firm's costs as fixed, variable, or semi-variable. Consider how they would change for

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Classify each of the firm's costs as fixed, variable, or semi-variable. Consider how they would change for both one and two stands selling. Be prepared to explain why your classified each cost the way you did. Also, discuss what the relevant range is for determining the behavior of these costs and whether it would change if you opened a second stand.
Would the full unit costs of ice cream cones and bars change if the stand sold less units? Why or why not?

Cost	Fixed/Variable/Semi-Variable
Raw materials (Ice cream, cones, and bars)
Utilities
Labor
Depreciation on stand and equipment
Accounting and promotion
Business license
Miscellaneous