3. Sharp Landscaping incurred the following cost in the business of maintaining lawns. In May,...
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Accounting
3. Sharp Landscaping incurred the following cost in the business of maintaining lawns. In May, 2,000 lawns were cut. In June, 3,000 lawns were cut. All lawns cut are similar in size. Using the cost information below, determine if each type of cost is a fixed cost, a variable cost, or a mixed cost. Variable cost Mixed cost Gasoline for the lawnmowers Salary to the owner Wages paid to lawn cutters Costs paid for fertilizer Twine for the weed-eaters Depreciation on lawn equipment General business insurance Advertising in the daily paper Gasoline for 7 trucks used Maintenance on lawn equipment Cell phone bill 2 000 lawns 3000 lawns Fixed cost $ 8200 $12 300 $5 000 $5 000 $24 000 $36 000 S3000 $4500 SI 20 $180 $800 S$800 $70 $70 $160 $160 $30 800 $41 300 $780 $900 $99 $99 [11 marks

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