Use the Information Below to Answer the Following Question(s)

question 139

Multiple Choice

Use the information below to answer the following question(s) .Big Island Coffee Co.produced and sold 120,000 units last year.Per unit revenue and costs were as follows:
Fixed manufacturing overhead and administrative salaries are fixed costs.The per unit amounts are based on last year's production.
-A mixed cost is

• A)a fixed cost.
• B)a cost with fixed and variable elements.
• C)a variable cost.
• D)always an indirect cost.
• E)a cost with direct and indirect elements.

---

Definitions:

Resource Allocation

The process of assigning and managing assets in a manner that supports an organization's strategic goals.

Goal Development

The process of identifying, setting, and planning how to achieve objectives.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.

Strategy Formulation

The process of developing a plan to achieve organizational goals that involve defining the company’s mission, setting objectives, assessing both internal and external environments, and determining strategic choices.