Identify cost behavior (LO1) Identify each of the following costs incurred by Universal Sports Exchange...
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Accounting
Identify cost behavior
(LO1) Identify each of the following costs incurred by Universal Sports Exchange in terms of its cost behaviorvariable, fixed, mixed, or step.
Required
(a)
Monthly sales staff payroll of $650 plus 6% sales commission on jerseys
(b)
$100 monthly rental for credit card processing equipment
(c)
Cost of goods sold of $14.80 per jersey
(d)
The cost of price tags attached to each jersey
(e)
Inventory insurance that costs $2 per $1,000 of sales
(f)
Website hosting cost of $25 per month
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