Consider each of the following independent situations.
A. The salary of a legal secretary in a law firm
B. A lease contract for a truck that requires a monthly payment of $200 plus $0.07 per kilometre
C. The cost of lumber for a homebuilder
D. The cost of internet service that is calculated based on hours of usage
E. The cost of cell phone contract that includes a fixed monthly charge of $90 plus $.05 a minute for long-distance calls
F. The salary cost of seasonal tax preparers for a CPA firm. One tax preparer can prepare 100 tax returns per month
G. A factory supervisor's salary
H. The cost of sugar in the production of soft drinks
Required: For each situation, describe the cost as one of the following: fixed cost, variable cost, mixed cost, or step cost.

Question

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The Answer of Consider each of the following independent situations.
A. The salary of a legal secretary in a law firm
B. A lease contract for a truck that requires a monthly payment of $200 plus $0.07 per kilometre
C. The cost of lumber for a homebuilder
D. The cost of internet service that is calculated based on hours of usage
E. The cost of cell phone contract that includes a fixed monthly charge of $90 plus $.05 a minute for long-distance calls
F. The salary cost of seasonal tax preparers for a CPA firm. One tax preparer can prepare 100 tax returns per month
G. A factory supervisor's salary
H. The cost of sugar in the production of soft drinks
Required: For each situation, describe the cost as one of the following: fixed cost, variable cost, mixed cost, or step cost.

Consider Each of the Following Independent Situations