Question: classify each of the costs as: fixed, variable, or semi-variable The various department managers for Barcoo Pty Ltd have supplied you with the following budget

classify each of the costs as: fixed, variable, or semi-variable

The various department managers for Barcoo Pty Ltd have supplied you with the following budget estimates for the upcoming quarter. The company's policy is to use the High-Low method for Semi-Variable costs. Production units 50,000 75,000 Per Unit Direct labour 20,000 30,000 0.40 Direct materials 25,000 37,500 0.50 Indirect labour 12,000 15,000 Indirect materials 4,000 5,500 Administration 5,000 5,000 Rent 2,500 2,500 Marketing 1,500 1,500 Total 70,000 97,000

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