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31 October, 00:01

Identify the costs as variable, fixed, or mixed. 1. Wood used in the production of furniture. select a type of costs 2. Fuel used in delivery trucks. select a type of costs 3. Straight-line depreciation on factory building. select a type of costs 4. Screws used in the production of furniture. select a type of costs 5. Sales staff salaries. select a type of costs 6. Sales commissions. select a type of costs 7. Property taxes. select a type of costs 8. Insurance on buildings. select a type of costs 9. Hourly wages of furniture craftsmen. select a type of costs 10. Salaries of factory supervisors. select a type of costs 11. Utilities expense. select a type of costs 12. Telephone bill. select a type of costs

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  1. 31 October, 00:05
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    Refer explanation

    Explanation:

    Fixed cost is a cost that does not change with changes in output.

    Variable cost is a cost that changes with the level of activity or output.

    Mixed cost is a type of cost that is semi-variable and semi-fixed.

    1. Wood used in the production of furniture - Variable

    2. Fuel used in delivery trucks - Variable

    3. Straight-line depreciation on factory building - Fixed

    4. Screws used in the production of furniture - Variable

    5. Sales staff salaries - Fixed

    6. Sales commissions - Variable

    7. Property taxes - Fixed

    8. Insurance on buildings - Fixed

    9. Hourly wages of furniture craftsmen - Fixed

    10. Salaries of factory supervisors - Fixed

    11. Utilities expense - Mixed

    12. Telephone bill - Mixed
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