Exercise 2-5: (Assignment) Classify each cost as being variable or fixed with respect to the number of units of products or services sold by the organization by placing an x in the appropriate column. Cost Behavior Cost (Measure of Activity) Variable Fixed 1. The cost of small glass plates used for lab tests in a hospital (Number of lab tests performed). 2. A boutique jewelry store's cost of leasing retail space in a mall (Dollar sales). 3. Top management salaries at FedEx (Total sales) 4. Electrical costs of running production equipment at a Toyota factory (Number of vehicles produced). 5. The cost of insuring a dentist's office against fire (Patient-visits). 6. The cost of commissions paid to salespersons at a Honda dealer (Total sales). 7. The cost of heating the intensive care unit at Swedish Hospital (Patient-days) 8. The cost of batteries installed in trucks produced at a GM factory (Number of trucks produced) 9. The salary of a university professor (Number of students taught by the professor) 10. The costs of cleaning supplies used at a fast-food restaurant to clean the kitchen and dining areas at the end of the day (Number of customers served) *May include a small variable element