Question: The 3 types of costs studied include fixed, variable and mixed. Each is found in one level of the income statement. Question 1 options: Fixed

The 3 types of costs studied include fixed, variable and mixed. Each is found in one level of the income statement.

Question 1 options:

Fixed costs are found in COGS, Variable costs are found in COGS and Mixed costs are found in Operating Expenses

Mixed costs are found in Operating Expenses, Fixed costs are found in Operating Expenses and Variable costs are found in COGS

All costs are found in COGS.

Variable costs are found in COGS, Fixed costs are found in Operating Expenses and Mixed costs are found in Non-Operating Expenses

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