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Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 57
Identify fixed and variable costs
Intuit Inc. develops and sells software products for the personal finance market, including popular title such as Quickbooks ® and TurboTax ®. Classify each of the following costs and expenses for this company as either variable or fixed to the number of units produced and sold:
a. Packaging costs
b. Sales commissions
c. Property taxes on general offices
d. Shipping expenses
e. Straight-line depreciation of computer equipment
f. President's salary
g. Salaries of software developers
h. Salaries of human resources personnel
i. Wages of telephone order assistants
j. CDs
k. Users' guides
Intuit Inc. develops and sells software products for the personal finance market, including popular title such as Quickbooks ® and TurboTax ®. Classify each of the following costs and expenses for this company as either variable or fixed to the number of units produced and sold:
a. Packaging costs
b. Sales commissions
c. Property taxes on general offices
d. Shipping expenses
e. Straight-line depreciation of computer equipment
f. President's salary
g. Salaries of software developers
h. Salaries of human resources personnel
i. Wages of telephone order assistants
j. CDs
k. Users' guides
Explanation
Verified
Verified
Variable costs:
Variable costs are the ...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
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