Question: Classify each of the following costs as fixed or variable: a. Cost of coffee used at a Starbucks store b. Hourly wages paid to sales
Classify each of the following costs as fixed or variable:
| a. | Cost of coffee used at a Starbucks store |
| b. | Hourly wages paid to sales clerks at Best Buy |
| c.
| Monthly flower costs for a florist |
| d. | Cost of fuel used for a national trucking company |
| e. | Shipping costs for Amazon.com |
| f. | Monthly rent for a nail salon |
| g. | Sales commissions at a car dealership |
| h. | Monthly insurance costs for the home office of a company |
| i. | Monthly depreciation of equipment for a customer service office |
| j. |
Cost of fabric used at a clothing manufacturer |
| k. | Cost of fruit sold at a grocery store |
| l. | Monthly office lease costs for a CPA firm |
| m. | Monthly cost of French fries at a McDonald's restaurant |
| n. | Property taxes for a restaurant |
| o. | Depreciation of exercise equipment at the YMCA |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
