Assume you are a retail store that sells jeans. Identify each of your costs as variable, fixed, or mixed: Units sold 20 40 80 Depreciation Expense per unit $480 $240 $120 Total Rent $5,000 $5,000 $5,000 Total Cost of Shopping Bags $4 s8 $16 V Depreciation A. Variable Cost V Rent B. Fixed Cost V Shopping bags C. Mixed Cost
Assume you are a retail store that sells jeans. Identify each of your costs as variable, fixed, or mixed: Units sold 20 40 80 Depreciation Expense per unit $480 $240 $120 Total Rent $5,000 $5,000 $5,000 Total Cost of Shopping Bags $4 s8 $16 V Depreciation A. Variable Cost V Rent B. Fixed Cost V Shopping bags C. Mixed Cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Assume you are a retail store that sells jeans. Identify each of your costs as variable, fixed, or mixed:
Units sold
20
40
80
nts in
Depreciation Expense per unit
$480
$240
$120
Total Rent
$5,000
$5,000
$5,000
Total Cost of Shopping Bags
$4
$8
$16
Depreciation
A. Variable Cost
v Rent
B. Fixed Cost
v Shopping bags
C. Mixed Cost
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