Question: (6 marks) (a) Explain the terms fixed, variable and semi-variable costs. (b) Classify the following expenses under the headings in (a): (0) Telephone charges (vii)

(6 marks) (a) Explain the terms fixed, variable and semi-variable costs. (b) Classify the following expenses under the headings in (a): (0) Telephone charges (vii) Direct materials (ii) Factory insurance (viii) Lift operator's wages (ii) Legal expenses (ix) Machine servicing and repairs (iv) Social security (%) (x) Foreman's salary (v) Rent of premises (xi) Contract cleaning services (vi) Light and heat (xii) Casual labour (6 marks) (Total: 12 marks

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