Identify the Following as Fixed Costs, Variable Costs, or Mixed

question 155

Essay

Identify the following as fixed costs, variable costs, or mixed costs:
_____________a. Direct materials
_____________b. Electricity
_____________c. Factory building rent
_____________d. Advertising expense
_____________e. Shipping expense
_____________f. Insurance on the factory building
_____________g. Cost of goods sold
_____________h. Direct labor

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Definitions:

Variable Annuity

A type of annuity plan that allows the contract owner to choose investments which then dictate the fluctuation of the payout amounts.

Life Expectancy

Life Expectancy is the statistical measure that reflects the average period a person is expected to live, based on demographic factors.

Governance

Governance encompasses all of the processes of governing, whether undertaken by a government, market, or network, over a social system (family, tribe, formal or informal organization, a territory or across territories) and whether through the laws, norms, power or language of an organized society.

Investment Policy Statement

A document that outlines an individual's or entity's investment goals, strategies, and constraints.