Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major...
Question:
Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. Classify the following cost incurred by Seymour in the production and sale of blue jeans as either variable, fixed or mixed cost: Supplies.
Cost Behavior:
Cost behavior is the response of cost to the company's production level. The cost that does not respond is fixed, that response is variable, and that responds only beyond a certain limit is a mixed cost.
Answer and Explanation: 1
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View this answer'Supplies' is variable cost.
Explanation:
The cost that depends on an underlying factor is called variable cost. If the underlying factor...
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Cost Behavior: Definition & Pattern Analysis
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Chapter 22 / Lesson 21
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Cost behavior is the change in total costs coming from business activities. Learn more about cost behavior, the definitions of fixed, variable, and mixed costs, and the pattern analysis for each type of cost.
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