Question: QS 21-1 Cost behavior identification LO C1 Listed here are four series of separate costs measured at various volume levels. Volume (Units) Series 1 Series

QS 21-1 Cost behavior identification LO C1

Listed here are four series of separate costs measured at various volume levels.

Volume (Units) Series 1 Series 2 Series 3 Series 4
0 $ 450 $ 0 $ 800 $ 100
100 450 800 800 105
200 450 1,600 800 120
300 450 2,400 1,600 145
400 450 3,200 1,600 190
500 450 4,000 2,400 250
600 450 4,800 2,400 320

Examine each series and identify whether it is best described as a fixed, variable, step-wise, or curvilinear cost. It can help to graph the cost series.

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