Question: Q3: classify the following expenses as Fixed, Variable or semi-variable expenses. Give your reasons for the expenses you classify as semi-variables. i)Rent ii)Direct materials iii)Depreciation

Q3:

classify the following expenses as Fixed, Variable or semi-variable expenses. Give your reasons for the expenses you classify as semi-variables.

i)Rent

ii)Direct materials

iii)Depreciation

iv)Social Security Contribution

v)Repairs of machinery

vi)Factory insurance

vii)Indirect labor

viii) Heat, light & power

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