Classify each of the following as being usually fixed (F), Variable (V), Semi-fixed (SF) or Semi-variable (SV):
Question:
Classify each of the following as being usually fixed (F), Variable (V), Semi-fixed (SF) or Semi-variable (SV):
(i) Direct labour;
(ii) Depreciation of machinery;
(iii) Factory rental;
(iv) Supplies and other indirect materials;
(v) Advertising;
(vi) Maintenance of machinery;
(vii) Factory manager’s salary;
(viii) Supervisory personnel;
(ix) Royalty payments.
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Fixed costs are those costs which do not change with cha...View the full answer
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