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Which of the following costs are NOT variable? Cost 2. 1. $100,000 $300,000 3. 10,000 Units 4. 40,000 90,000 30,000 Units 50,000 240,000 90,000 150,000

Which of the following costs are NOT variable? Cost 2. 1. $100,000 $300,000 3. 10,000 Units 4. 40,000 90,000 30,000 Units 50,000 240,000 90,000 150,000

FINANCIAL ACCOUNTING
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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**Quiz Question: Identifying Fixed Costs** **Which of the following costs are NOT variable?** | Cost | 10,000 Units | 30,000 Units | |---------------------|--------------|--------------| | 1. | $100,000 | $300,000 | | 2. | $40,000 | $240,000 | | 3. | $90,000 | $90,000 | | 4. | $50,000 | $150,000 | **Options:** - ○ 1 and 4 - ○ only 1 - ○ 1 and 2 - ○ only 3 **Explanation:** The question presents a table listing costs for producing two different quantities of units: 10,000 and 30,000. To determine which costs are not variable, review how costs change with production volume. Variable costs change proportionally with production; fixed costs remain constant regardless of production volume.
Transcribed Image Text:**Quiz Question: Identifying Fixed Costs** **Which of the following costs are NOT variable?** | Cost | 10,000 Units | 30,000 Units | |---------------------|--------------|--------------| | 1. | $100,000 | $300,000 | | 2. | $40,000 | $240,000 | | 3. | $90,000 | $90,000 | | 4. | $50,000 | $150,000 | **Options:** - ○ 1 and 4 - ○ only 1 - ○ 1 and 2 - ○ only 3 **Explanation:** The question presents a table listing costs for producing two different quantities of units: 10,000 and 30,000. To determine which costs are not variable, review how costs change with production volume. Variable costs change proportionally with production; fixed costs remain constant regardless of production volume.
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