Intuit Inc. develops and sells software products for the personal finance market, including popular titles such...

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Accounting

Intuit Inc. develops and sells software products for thepersonal finance market, including popular titles such asQuickbooks® and TurboTax®. Classify each of the following costs andexpenses for this company as either variable or fixed to the numberof units produced and sold:
a. Packaging costs
b. Sales commissions
c. Property taxes on general offices
d. Shipping expenses
e. Straight-line depreciation of computerequipment
f. President’s salary
g. Salaries of software developers
h. Salaries of human resources personnel
i. Wages of telephone order assistants
j. Costs of providing online support
k. Users' guides

Answer & Explanation Solved by verified expert

4.3 Ratings (917 Votes)

Solution From the given data we need to identify fixed and variable costs Costs and expenses Variable or Fixed a Packaging costs Variable b Sales commissions Variable c Property taxes on general offices Fixed d See Answer

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a. Packaging costs
b. Sales commissions
c. Property taxes on general offices
d. Shipping expenses
e. Straight-line depreciation of computerequipment
f. President’s salary
g. Salaries of software developers
h. Salaries of human resources personnel
i. Wages of telephone order assistants
j. Costs of providing online support
k. Users' guides