fixed and variable costs
For furniture business, or your
work group, prepare a list of all possible costs For each, indicate if it is
fixed or variable If it is variable, indicate if it can be controlled within
three months time
Does this firm have full control
of its selling price, partial control, or must it accept the price that already
exists in the market? How does the market price get set?
Does the company’s financial
manager use variable costing or full costing when it evaluates its products?