Rymore Company Would Like to Classify the Following Costs According

question 28

Multiple Choice

Rymore Company would like to classify the following costs according to their cost behavior:
-Which of the following classifications best describes the behavior of Cost B?

• A)Mixed
• B)Variable
• C)Fixed
• D)none of the above

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Definitions:

Beginning Capital Balance

The amount of capital at the start of a financial period before any transactions have been accounted for during the period.

Withdrawals

Money or assets taken out from a business by its owner for personal use or from a bank account by the account holder.

Investments

Assets acquired with the goal of generating income or increasing in value over time.

Statement Of Owner's Equity

A financial statement detailing changes in the equity of a company's owner over a reporting period.