Fixed and Variable Cost Data

This assignment provides a good opportunity to use Excel to evaluate fixed and variable costs.

Create an Excel spreadsheet to calculate answers to questions related to American Sports Inc. in Problem 3-56 on pages 119-120 of the text.

Why is it important to distinguish between fixed and variable costs?

Explain how the can be used to make and support business decisions.

What are mixed costs and how does the textbook suggest they be handled? Explain.

Submit your work- answers and spreadsheet

Reference:

Horngren, C. T., Sundem. G. L., Burgstahler, D., & Schatzberg, J. O., (2014). Introduction to management accounting (16 th ed.) . New York, NY: Pearson. ISBN: 0133058786