Classify each of the following costs as Variable or Fixed Cost i. Fabrics used to make shirts in a garment factor ii. Tailors wages who cuts the fabric to make shirts iii. Salary of the maintenance supervisor at Samsung factory iv. Rent for the factory building v. Tires used to make cars Depreciation Expense for factory machines Classify each of the following costs as a Direct or Indirect manufacturing cost. i. Leather used in making hand bag ii. Wages paid to factory cleaners iii. Thread and needle used to stitch hand bags liv. Wages paid to workers assembling cars at the Toyota company v. Memory chips installed in a mobile phone Nisa Trading has provided the following data for its operations for the month ending December 31, 2019. During the month, they purchase Purchase cost of inventory Sales Revenue $9.00 per unit $35.00 per unit Administrative Expenses: Office executive Salaries Insurance Office Utilities Clerical Costs 41,500 11,000 8,200 $9,000 per month plus $2.50 per units sold Selling Expenses: Sales Commission Shipping Expenses Depreciation of Sales Equipment $14,500 per month plus $1.50 per unit sold $4.55 per unit $18,300 Required Prepare a Contribution Margin Income Statement for the month of December Instruction: You can copy the table by using Ctrl C or those with MAC can use Cmd C. Then paste by Ctrl V or those with MAC can Classify each of the following costs as Direct materials, Direct labor, Manufacturing Overhead, Selling Expenses or Administration i. The cost of sugar used in the manufacturing of bread ii. Salaries paid to the general manager of the head office ii. Salary paid to the supervisor in the bakery factory iv. Wages paid to bakery workers in the bakery factory V. The cost of head office stationaries Click Submit to complete this assessment. Question 6 Classify each of the following costs as a PRODUCT or PERIOD COST. i. Metal used in making Office Chairs i. Glue and staples used to secure fabric to the chair iii. Design costs for the company's sales catalog iv. Salaries of the district sales managers V. Wages of the production workers vi. Insurance paid for the factory building vii. Thread and needle used to stitch handbags viii. Lighting costs for a Starbucks Coffee Store