Chapter 21, Problem S21.2SE

To determine

Variable, Fixed and Mixed Cost:

There are three types of costs according to the unit of production; Variable, Fixed and Mixed. Variable costs change proportionally with the number of units produced and variable cost per unit remains constant. Fixed Cost remains same in totality irrespective of the number of units produced. The mixed cost is the mix of variable and fixed cost, some of its part is fixed and some variable.

To identify:

Each of the given costs as variable (V), Fixed (F), or Mixed (M), according to the students enrolled