Following are utilities costs for different level of machine hours: $225 for 5 hours; $230 for 6 hours; $235 for 7 hours; and $240 for 8 hours. This cost is best described as Select one: O a. Variable O b. Mixed Oc. Fixed d. Direct

Following are utilities costs for different level of machine hours: $225 for 5 hours; $230 for 6 hours; $235 for 7 hours; and $240 for 8 hours. This cost is best described as Select one: O a. Variable O b. Mixed Oc. Fixed d. Direct

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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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.

Question

Following are utilities costs for different level of machine hours: $225 for 5 hours; $230 for 6
hours; $235 for 7 hours; and $240 for 8 hours. This cost is best described as
Select one:
Oa. Variable
Ob. Mixed
Oc Fixed
O d. Direct
Oe. None of the answers given
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