Classify each of the following cost items as mostly fixed or variable: Raw materials..........................................Administrative salaries Direct labor..............................................Payroll

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Classify each of the following cost items as mostly fixed or variable:
Raw materials..........................................Administrative salaries
Direct labor..............................................Payroll taxes
Depreciation............................................Insurance (building and Supplies equipment)
Utilities.....................................................Clerical salaries
Property taxes.........................................Sales commissions
Interest on borrowed money................Rent

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Engineering Economy

ISBN: 978-0133439274

16th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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