Question: Classify each cost as being variable or fixed 1.      The cost of X-ray film used in the radiology lab at Virginia Mason Hospital in Seattle a.      Variable cost b.      Fixed cost   2.      The cost of advertising a rock concert in New York City a.      Variable cost b.      Fixed cost   3.      The cost of renting retail space for a McDonald's restaurant in Hong Kong a.      Variable cost b.      Fixed cost   4.      The electrical cost of running a roller coaster at Magic Mountain a.      Variable cost b.      Fixed cost   5.      Property taxes paid by your local cinema theater a.      Variable cost b.      Fixed cost   6.      The cost of sales commissions paid to salespersons at a Nordstrom store a.      Variable cost b.      Fixed cost   7.      Property insurance on a Coca Cola bottling plant a.      Variable cost b.      Fixed cost   8.      The costs of synthetic materials used to make a particular model of running shoe a.      Variable cost b.      Fixed cost   9.      The costs of shipping Panasonic televisions to retail stores a.      Variable cost b.      Fixed cost   10.  The cost of leasing an ultra-scan diagnostic machine at the American Hospital in Paris a.      Variable cost b.      Fixed cost

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question:

Classify each cost as being variable or fixed

1.      The cost of X-ray film used in the radiology lab at Virginia Mason Hospital in Seattle

a.      Variable cost

b.      Fixed cost

 

2.      The cost of advertising a rock concert in New York City

a.      Variable cost

b.      Fixed cost

 

3.      The cost of renting retail space for a McDonald's restaurant in Hong Kong

a.      Variable cost

b.      Fixed cost

 

4.      The electrical cost of running a roller coaster at Magic Mountain

a.      Variable cost

b.      Fixed cost

 

5.      Property taxes paid by your local cinema theater

a.      Variable cost

b.      Fixed cost

 

6.      The cost of sales commissions paid to salespersons at a Nordstrom store

a.      Variable cost

b.      Fixed cost

 

7.      Property insurance on a Coca Cola bottling plant

a.      Variable cost

b.      Fixed cost

 

8.      The costs of synthetic materials used to make a particular model of running shoe

a.      Variable cost

b.      Fixed cost

 

9.      The costs of shipping Panasonic televisions to retail stores

a.      Variable cost

b.      Fixed cost

 

10.  The cost of leasing an ultra-scan diagnostic machine at the American Hospital in Paris

a.      Variable cost

b.      Fixed cost

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