Identifying variable, fixed, and mixed costs Holly’s Day Care has been in operation for several years. Identify each cost as variable (V), fixed (F), or mixed (M), relative to number of students enrolled. 1. Building rent. 2. Toys. 3. Compensation of the office manager, who receives a salary plus a bonus based on number of students enrolled. 4. Afternoon snacks. 5. Lawn service contract at $200 per month. 6. Holly’s salary. 7. Wages of afterschool employees. 8. Drawing paper for student artwork. 9. Straight-line depreciation on furniture and playground equipment. 10. Fee paid to security company for monthly service.
Identifying variable, fixed, and mixed costs Holly’s Day Care has been in operation for several years. Identify each cost as variable (V), fixed (F), or mixed (M), relative to number of students enrolled. 1. Building rent. 2. Toys. 3. Compensation of the office manager, who receives a salary plus a bonus based on number of students enrolled. 4. Afternoon snacks. 5. Lawn service contract at $200 per month. 6. Holly’s salary. 7. Wages of afterschool employees. 8. Drawing paper for student artwork. 9. Straight-line depreciation on furniture and playground equipment. 10. Fee paid to security company for monthly service.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 2CE: Lising Therapy has a physical therapist who performs electro-mechanical treatments for its patients....
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Identifying variable, fixed, and mixed costs
Holly’s Day Care has been in operation for several years. Identify each cost as variable (V), fixed (F), or mixed (M), relative to number of students enrolled.
1. Building rent.
2. Toys.
3. Compensation of the office manager, who receives a salary plus a bonus based on number of students enrolled.
4. Afternoon snacks.
5. Lawn service contract at $200 per month.
6. Holly’s salary.
7. Wages of afterschool employees.
8. Drawing paper for student artwork.
9. Straight-line
10. Fee paid to security company for monthly service.
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