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Label whether each of the following costs is most likely fixed

Label whether each of the following costs is most likely fixed (F) or variable (V).
 

Direct materials

 

Factory rent

 

Sales commissions expense

 

Direct labor

 

Depreciation on factory building

 

 

 

 

 

 

85. Label whether each of the following costs is most likely fixed (F) or variable (V).
 

Factory insurance

 

Direct materials

 

Secretary salary

 

Shipping supplies

 

Gasoline costs

 

 

 

 

 

 

86. For each of the following statements, fill in the blank with either the word increasedecrease, or stay the same.
 

a.

As production increases, total fixed costs ______________.

b.

As production increases, fixed costs per unit _____________.

c.

As production decreases, variable costs per unit _____________.

d.

As production decreases, total variable costs _______________.

 

 

 

 

 

87. For each of the following statements, fill in the blank with either the word increase, decrease, or stay the same.
 

a.

As production decreases, total fixed costs ______________.

b.

As production decreases, fixed costs per unit _____________.

c.

As production increases, variable costs per unit _____________.

d.

As production increases, total variable costs _______________.

 

 

 

 

 

88. Briefly describe the difference between fixed, variable, and mixed costs. Give one example of each. 

Jan 09 2020 View more View Less

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