Select Cost Information for Seacrest Enterprises Is as Follows

question 200

Multiple Choice

Select cost information for Seacrest Enterprises is as follows: Based on this information:

• A)Both direct materials and rent expense are variable costs.
• B)Utilities expense is a mixed cost and rent expense is a variable cost.
• C)Utilities expense is a mixed cost and rent expense is a fixed cost.
• D)Direct materials is a fixed cost and utilities expense is a mixed cost.
• E)Both direct materials and utilities expense are mixed costs.

---

Definitions:

Price Level

The average price point of the entirety of goods and services in the economic scope.

Personal Consumption Expenditures

Refers to the value of goods and services purchased by households for the purpose of consumption.

Gross Private Domestic Investment

The total amount of money spent on investment in physical assets (such as buildings and machinery) by the private sector.

Government Spending

The total amount of money that the government expends on goods, services, and public projects to provide for citizens or stimulate the economy.