The Greek Corporation incurs three types of costsThe Greek Corporation incurs three types of costs (labled as "Cost#101, Cost#102 and Cost#103) in its manufacturing process. The following table presents total costs for each type of cost for two different production levels: Production quantity...
$15,960 4,200 $11,970 $9,782 $15,960 Identify whether each cost is variable,
fixed or mixed. The answer choices list the type of cost in order for Cost#101,
Cost#102 and Cost#103. A. Variable Fixed Mixed B. Fixed Variable Fixed C.
Fixed Mixed Variable D. Variable Mixed Fixed E. Fixed Variable Mixed
Answer & Explanation
To determine whether each cost is variable, fixed, or mixed, we need to analyze
how the costs change with the production quantity.
1. Cost #101:
o At 3,800 units: $10,830
o At 4,200 units: $11,970
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