Question: The following data have been collected for four different cost iten Cost Item X Cost at Cost at 100 units 200 units 5,000 $ 5,000

The following data have been collected for four different cost iten Cost Item X Cost at Cost at 100 units 200 units 5,000 $ 5,000 $ 5,500 $ 11,000 $ 6,700 $ 12,250 Y 2 Which of the following classifications of these cost items by cost behavior is correct? A) B) C) D) Cost X fixed fixed variable mixd Cost Y mixed variable fixed variable Cost z variable mixed mixed fixed Cost Classifications Listed below are costs found in various organizations. Required: For each cost Item, indicate whether it would be variable or fixed with respect to the number of units produced and sold; and then whether it would be a selling cost, an administrative cost, or a manufacturing cost. If it is a manufacturing cost, indicate whether it is a direct cost or an Indirect cost with respect to units of product Administrative Cost Selling Coat Manufacturing (Product) Cost Direct Indirect Yes Variable or Fled Variable Coatien Ex Direct labor 1. Factory rent 2Salespersone comusions 3 Pants Supervisor's Salary 4 Insurance, executive autos 5 Wages of workers assembling computers 6 Plant's Insurance 7 Advertising costs 8 Microchips used in producing calculators Esecutive salaris 10 Factory's security guard's salary
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
