E1

E3

u per Watch and has variable costs of $18 034,000, what is the projected profit? EXERCISES: SET A 1 Identification of Variable and Fixed Costs E1A. Indicate whether each of the following costs of producti variable or (b) fixed: 1. License fee for company car 2. Wiring used in radios 3. Machine helper's wages 4. Wood used in bookcases 5. City operating license ve output is usually (a) 6. Machine depreciation based on machine hours used 7. Machine operator's hourly wages 8. Cost of required outside inspection of each unit produced