Hello,I needed help with this problem.Please explain each partThanksFive Star Auto incurs three type
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Hello,I needed help with this problem.Please explain each partThanksFive Star Auto incurs three types of costs (a, b and c) in its manufacturing process. The following table presents total costs for each type for two different activity levels:(a)(b)(c)5,000 units$15,000$70,000$45,0007,500 units$22,500$85,000$45,000(fixed/mixed/variable costs)Five Star Auto incurs three types of costs (a, b and c) in its manufacturing process. The following table presents total costs for each type for two different activity levels:1. Identify if a is fixed, mixed or variable?Cost a = 2. Identify if b is fixed, mixed or variable?Cost b = 3.Identify if c is fixed, mixed or variable?Cost c =