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If the Malabar Yacht Club expense includes a rent of $2,000 plus a charge of...

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Question

Accounting

If the Malabar Yacht Club expense includes a rent of $2,000 plus a charge of $40 per member and the club has 80 members,

Multiple Choice

  • fixed costs amount to $2,000 and variable costs amount to $3,200.

  • fixed costs amount to $3,200 and variable costs amount to $2,000.

  • all costs are fixed.

  • all costs are variable.

  • cannot be determined.

Answer & Explanation Solved by verified expert
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