#### Cost Analysis ExerciseIn this exercise, you are provided with different cost descriptions and possible measures of activity. Your task is to determine whether each listed cost is mainly fixed or variable with respect to the given measure of activity. Indicate your choice by marking the respective column. Additionally, provide an explanation for why you classified each cost as fixed or variable.### Cost Description Table| Cost Description | Possible Measure of Activity ||--------------------------------------------------------------------|--------------------------------|| 1. Salary of production manager at a surfboard manufacturer | Surfboards produced || 2. Cost of solder used in making computers | Computers produced || 3. Cost of dough used at a pizza shop | Pizzas cooked || 4. Janitorial wages at a surfboard manufacturer | Surfboards produced || 5. Salary of the controller at a hospital | Number of patients || 6. Cost of sales at an electronics store | Dollar sales || 7. Cost of testing materials used in a medical lab | Tests run || 8. Cost of heating an electronics store | Dollar sales || 9. Cost of electricity for production equipment at a surfboard manufacturer | Surfboards produced || 10. Depreciation on shelving at a bookstore | Dollar sales |### InstructionsFor each item above, indicate whether the cost is **MAINLY** fixed or variable with respect to the possible measure of activity listed. Mark your choice with an **X** in the provided table below.| # | Fixed | Variable | Comment ||----|-------|----------|---------------|| 1 | | | || 2 | | | || 3 | | | || 4 | | | || 5 | | | || 6 | | | || 7 | | | || 8 | | | || 9 | | | || 10 | | | |### Explanation1. **Salary of Production Manager at a Surfboard Manufacturer**: Typically, the salary of a production manager is a fixed cost as it does not change with the number of surfboards produced.2. **Cost of Solder ### Educational Resource: Cost Analysis Table#### Instructions:For each item listed, indicate whether the cost is **mainly fixed** or **variable** with respect to the possible measure of activity mentioned next to it. For each question, select either fixed or variable and mark with an "X". Provide an explanation for your choice in the “Comment” column.#### Cost Classification Table:| Question # | Fixed | Variable | Comment ||------------|-------|----------|---------|| 1 | | | || 2 | | | || 3 | | | || 4 | | | || 5 | | | || 6 | | | || 7 | | | || 8 | | | || 9 | | | || 10 | | | |Use this table to help categorize costs accurately for various economic activities. This analysis is pivotal in budgeting and resource allocation within organizations. Please ensure all entries reflect a clear understanding of the cost behavior.

The cost can be classified based on nature like fixed costs or variable costs. The cost is variable…

9 6 7 8 5 4 3 Question # 1 2 For each item above, indicate whether the cost is MAINLY fixed or variable with respect to the possible measure of activity listed next to it. For each question above, select either fixed or variable and mark with an X. Explain your choice in the column marked comment. Fixed Variable Comment

9 6 7 8 5 4 3 Question # 1 2 For each item above, indicate whether the cost is MAINLY fixed or variable with respect to the possible measure of activity listed next to it. For each question above, select either fixed or variable and mark with an X. Explain your choice in the column marked comment. Fixed Variable Comment

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 41E: Examine the graphs in Exercise 3-40. Required: As explained in the chapter, cost behavior patterns...

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Examine the graphs in Exercise 3-40. Required: As explained in the chapter, cost behavior patterns can be described as fixed, variable, semi-variable, mixed, or step function (i.e., semi-fixed) in nature. Explain the exact type of cost behavior pattern represented by each of the cost curves shown in graphs A through L. Note that some of the graphs might represent a combination of multiple cost behavior patterns.
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Refer to the following notes given in images. Part 2: Key Components of Activity-Based Costing Explain the concept of cost drivers and cost pools in ABC. Provide examples of common cost drivers and cost pools. Answr both parts full explanation. Don't copy from other websites no plagiarism. %$@!++×1144567890]](*&^%%$##==/__>
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docs.google.com/forms/d/e Q 1/ Answer The Following Questions * :Cost objects include .1 products customers departments All of above answers are correct. The general term used to identify both .2 the tracing and the allocation of * :accumulated costs to a cost object is cost accumulation cost assignment cost tracing conversion costing :Budgeted costs are .3 II
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