Rymore Company Would Like to Classify the Following Costs According

question 99

Multiple Choice

Rymore Company would like to classify the following costs according to their cost behaviour:
$\begin{array}{|l|r|r|}\hline & \text { July } & \text { August } \\\hline \text { Sales in Units } & 1,500 & 1,600 \\\hline \text { Cost A } & \$ 35,000 & \$ 36,000 \\\hline \text { Cost B } & 16,000 & 16,000 \\\hline \text { Cost C } & 67,500 & 72,000 \\\hline\end{array}$


-Which of the following classifications best describes the behaviour of Cost A?

• A) Mixed.
• B) Variable.
• C) Fixed.
• D) Opportunity cost.

Understand the basics of horizontal analysis for comparing financial data over time.

Match transactions to their respective journals based on the nature of the transaction.

Understand the role of subsidiary ledgers in accounting.

Learn the process and significance of adjustments in accounting.

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Definitions:

Insurance Exchanges

Platforms where insurance companies offer their products to consumers, allowing for comparison of plans and pricing.

Patient Protection And Affordable Care Act

A comprehensive health care reform law enacted in 2010 in the United States, aimed at expanding health insurance coverage and reducing healthcare costs.

Health Care Spending

The total amount of money spent on health care services and products within a country or region.

Insurance Exchanges

Marketplaces established to facilitate the purchase of health insurance in every state, as part of the Affordable Care Act, allowing consumers to compare and buy insurance plans.