Solved

Match the Following Terms with the Descriptions Below

Question 7

Matching

Match the following terms with the descriptions below.

Premises:
Rent on manufacturing equipment.
Fees charged to customers based on hours spent repairing computer.
Supervisor’s salary
Material in each unit of product produced.
Sales commission paid by company
Company charges set fee for first 10 hours of service and the $50 per hour after the ten hours.
On price for first 10,000 kilowatts cost increases for every kilowatt used after 10,000 kilowatts.
Retainer (fee) charged by attorney to represent client whether legal work done or not (from attorney’s perspective).
Responses:
Variable Revenue
Variable Cost
Fixed Cost
Fixed Revenue
Mixed Cost
Mixed Revenue

Correct Answer:

Rent on manufacturing equipment.
Fees charged to customers based on hours spent repairing computer.
Supervisor’s salary
Material in each unit of product produced.
Sales commission paid by company
Company charges set fee for first 10 hours of service and the $50 per hour after the ten hours.
On price for first 10,000 kilowatts cost increases for every kilowatt used after 10,000 kilowatts.
Retainer (fee) charged by attorney to represent client whether legal work done or not (from attorney’s perspective).
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