Question: QUESTION 4 ( 1 0 MARKS ) Consider the following costs incurred by a South African car manufacturing company: 1 . Salaries of factory supervisors
QUESTION
MARKS
Consider the following costs incurred by a South African car manufacturing company:
Salaries of factory supervisors
Depreciation of production equipment
Tyres used in car production
Commission paid to sales representatives
Electricity bill for the factory
Lubricants used in machine maintenance
Annual insurance for the factory
Legal fees related to a suppler contract
Required:
Classify each cost as variable, fixed, or mixed and explain your reasoning. Marks
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