Classify each of the following costs as either variable, fixed, or mixed. Costs are from a manufacturer of portable basketball hoops. 1. Factory supervisor salary, $5,200 per month 2. Utilities, $40 per month plus $0.05 per unit produced 3. Assembly worker hourly wages 4. Factory equipment depreciation, $3,200 per month 5. Salesperson pay, $3,200 per month plus 4% of dollar sales 6. Factory insurance, $2,700 per month 7. Screws to assemble hoops 8. Factory rent, $4,200 per month 9. Metal for rims 10. Glass for backboards 11. Office salaries, $4,200 per month 12. Plastic for hoop bases Fixed Mixed Variable

Classify each of the following costs as either variable, fixed, or mixed. Costs are from a manufacturer of portable basketball hoops. 1. Factory supervisor salary, $5,200 per month 2. Utilities, $40 per month plus $0.05 per unit produced 3. Assembly worker hourly wages 4. Factory equipment depreciation, $3,200 per month 5. Salesperson pay, $3,200 per month plus 4% of dollar sales 6. Factory insurance, $2,700 per month 7. Screws to assemble hoops 8. Factory rent, $4,200 per month 9. Metal for rims 10. Glass for backboards 11. Office salaries, $4,200 per month 12. Plastic for hoop bases Fixed Mixed Variable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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