Classify Each of the Following Cost Items as a Variable

question 132

Essay

Classify each of the following cost items as a variable cost, a fixed cost, or a mixed cost by placing an X in the appropriate column.Each cost should be evaluated in terms of the volume of units of finished products produced.Also indicate with an X for each item if it is a product cost or a period cost.

---

Definitions:

Police Powers

The authority granted to governmental units to enact measures within constitutional bounds to preserve order and protect public health and safety.

Working Hours

The period of time that an individual spends at paid occupational labor within a 24-hour day.

Muckrakers

Journalists and writers of the late 19th and early 20th centuries who sought to expose social ills and corporate and political corruption, aiming to spur public reform.

American Society

The societal structure and cultural norms of the United States, characterized by its diverse population and values such as freedom and democracy.