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Classify each cost as variable, fixed, or mixed

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Reference no: EM133153117

Question - Great Motors Ltd. incurred the following costs in 2020 at two different levels of production:

 

2500 Units

3500 units

Direct Materials

$50,000

$70,000

Labour

$25,000

$35,000

Office Costs

$15,000

$17,500

Depreciation

$5,000

$5,000

Rent

$14,000

$14,000

Utilities

$7,500

$8,500

Required - Classify each cost as variable, fixed, or mixed.

Reference no: EM133153117

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