Can you classify the expenses listed as Variable or Fixed Costs? VARIABLE COSTFIXED COST1.Ads: Print, Radio, TV2.Directional Signs3.Posters, Flyers4.Hotel accommodation for participants5.Power Generator6.Stage Decor7.Venue Rental8.Permit(s)/License9. Celebrity Talent Fees10. Sound System11. Food and Beverage for participants12. Prizes13. Ticket Sales Fees14. Giveaways for participants15. Medical / First aid Team16. Entertainment17. Transportation (fuel.gas)18. Uniform/Clothes for the Organizers19. Dining out20. Salary21. Insurance22. Property taxes23. Interest expenses 24. Part-timer Staff25. Credit card26. Commission on sales27. Cellphone service28. Internet service29. Raw materials30. Freight out

Variable costs are those costs that change with the change in production. Whereas, fixed cost are…

Answered: Can you classify the expenses listed as…

Business

Accounting

Can you classify the expenses listed as Variable or Fixed Costs

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.4E: Identify activity bases From the following list of activity bases for an automobile dealership,...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

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Can you classify the expenses listed as Variable or Fixed Costs?

24. Part-timer Staff
25. Credit card
26. Commission on sales
27. Cellphone service
28. Internet service
29. Raw materials
30. Freight out

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