Each of the cost \"types\" below should be matched to one of the descriptions th

Question

Each of the cost "types" below should be matched to one of the descriptions that follow. Variable Fixed (committed) Fixed (discretionary) Mixed (a) Property taxes on land and building (b) Billboard advertising campaign (c) Raw material used in a manufacturing process (d) Employee picnic with band, food, and door prizes Each of the cost "types" below should be matched to one of the descriptions that follow. Variable Fixed (committed) Fixed (discretionary) Mixed (a) Property taxes on land and building (b) Billboard advertising campaign (c) Raw material used in a manufacturing process (d) Employee picnic with band, food, and door prizes

Explanation / Answer

Particulars Cost Reason Property taxes on land and building Fixed (committed) Since fixed amount needs to be paid and it is a mandatory payment to government Billboard advertising campaign Fixed (discretionary) Since fixed amount needs to be paid and it is optional for the company to do advertising Raw material used in a manufacturing process Variable Since it increases with each unit manufactured Employee picnic with band, food, and door prizes Mixed Since some cost would be dependent on no of emloyees like food and some would be fixed like prize

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