Identify Each Cost Below as Variable (V),fixed (F),or Mixed (M),relative

question 30

Essay

Identify each cost below as variable (V),fixed (F),or mixed (M),relative to units sold.Explain the reason for your answer.
$$\begin{array} { | l | r | r | r | } \hline \text { Units Produced } & 100 & 500 & 1,000 \\\hline \text { Total electric cost } & \$ 1,500 & \$ 1,650 & \$ 1,700 \\\hline \text { Supervisor's monthly salary } & \$ 4,500 & \$ 4,500 & \$ 4,500 \\\hline \text { Assembly line workers' per hour wage rate } & \$ 30 & \$ 30 & \$ 30 \\\hline \text { Total materials cost } & \$ 800 & \$ 4,000 & \$ 8,000 \\\hline \text { Depreciation on factory equipment } & \$ 5,000 & \$ 5,000 & \$ 5,000 \\\hline \text { Total delivery costs } & \$ 1,400 & \$ 1,800 & \$ 2,250 \\\hline\end{array}$$

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Definitions:

Antelope

A diverse group of typically horned, swift, and slender animals native to various regions in Africa and Eurasia.

Efficiency Wage

The theory that employers pay a higher wage than the market equilibrium to increase worker productivity and reduce turnover.

Labor

The effort by humans to produce goods or services in exchange for wages or salary.

Supply

The total amount of a product or service that is available to consumers, often influenced by price, production costs, and external factors.