Below is a list of costs. Classify each of them as variable, fixed, or mixed (a combination of variable and fixed components.)
a) Cost of raw materials used in producing a firm's products.
b) Property taxes.
c) Wages of sales staff paid on a salary plus commission basis.
d) Wages of hourly paid production-line workers.
e) Site licence for software.
f) Leasing costs for a delivery truck ($600 per month plus $0.40 per km.)
g) Packaging materials for products.
h) Insurance.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q15: A company's sales revenue decreased by 15%
Q16: The monthly fixed costs of operating a
Q17: Dynacan Ltd. manufactured 10,000 units of product
Q18: Ingrid processes and bottles jam in her
Q20: Valley Peat Ltd. sells peat moss for
Q21: Use the graphical approach to CVP analysis
Q22: In the past year, the Greenwood Corporation
Q23: Norwood Industries has annual fixed costs of
Q24: Use the graphical approach to CVP analysis
Q80: Triax Corp. produced 50,000 gizmos at a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents