Questions

COMM_V 294 201 202 203 2024W2 Homework 3

Multiple dropdown selections

Identify the below costs as variable, fixed, or mixed. Direct Materials variable cost Direct Labor variable cost Utilities mixed cost Property Taxes fixed cost Indirect Materials variable cost Supervisory Salaries fixed cost Maintenance mixed cost Depreciation (straight-line) fixed cost

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Question restatement: The task asks to categorize each cost item as variable cost, fixed cost, or mixed cost. Each item is considered in turn with reasoning based on how the cost behaves with changes in production or activity level. Direct Materials: The classification given is variable cost. Reasoning: Direct materials typically vary directly with production volume because more units produced require more material consumption; thus total cost changes in direct proportion to activity. Direct Labor: The given label is variable cost. Reasoning: Direct labor o......Login to view full explanation

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