Can you classify the expenses listed as Variable or Fixed Costs

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 2EB: For the following descriptions, state whether the cost is controllable or uncontrollable by...
icon
Related questions
Question

 Can you classify the expenses listed as Variable or Fixed Costs? 

VARIABLE COST
FIXED COST
1.
Ads: Print, Radio, TV
2.
Directional Signs
3.
Posters, Flyers
4.
Hotel accommodation for participants
5.
Power Generator
6.
Stage Decor
7.
Venue Rental
8.
Permit(s)/License
9. Celebrity Talent Fees
10. Sound System
11. Food and Beverage for participants
12. Prizes
13. Ticket Sales Fees
14. Giveaways for participants
15. Medical / First aid Team
16. Entertainment
17. Transportation (fuel.gas)
18. Uniform/Clothes for the Organizers
19. Dining out
20. Salary
21. Insurance
22. Property taxes
23. Interest expenses
Transcribed Image Text:VARIABLE COST FIXED COST 1. Ads: Print, Radio, TV 2. Directional Signs 3. Posters, Flyers 4. Hotel accommodation for participants 5. Power Generator 6. Stage Decor 7. Venue Rental 8. Permit(s)/License 9. Celebrity Talent Fees 10. Sound System 11. Food and Beverage for participants 12. Prizes 13. Ticket Sales Fees 14. Giveaways for participants 15. Medical / First aid Team 16. Entertainment 17. Transportation (fuel.gas) 18. Uniform/Clothes for the Organizers 19. Dining out 20. Salary 21. Insurance 22. Property taxes 23. Interest expenses
24. Part-timer Staff
25. Credit card
26. Commission on sales
27. Cellphone service
28. Internet service
29. Raw materials
30. Freight out
Transcribed Image Text:24. Part-timer Staff 25. Credit card 26. Commission on sales 27. Cellphone service 28. Internet service 29. Raw materials 30. Freight out
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage