Task 1: Cost item classification Is each of the below cost items a variable cost or a fixed cost? Please justify your answer Cost item (V/F) Justification 1 - Annual license fee of $225 2- Annual insurance $3.840 3- The total spent for snacks at a rate of $3.20 per child per day. 4- The cost of the old appliances, S440 5- The cost of the laundry service, Siper piece per month 6- The total cost of mileage at a rate of S0.56/mile 7- The total cost to launder the clothes themselves at a rate of S.154 per piece a week 8- The total cost of laundry supplies (detergent or fabric powder ) at a rate of $35 per quarter 9- The total cost of the washer and dryer $878.72 10- The increase in the energy cost for the washer cost of $120 per year 11- The increase in the energy cost for the dryer cost of $145 per year Notes 1-V is for variable cost 2- F is for fixed cost 3. Each year is 4 quarters 4- Each year is 12 months S- Each year is 52 weeks 6- Tamara house will follow straight-line method to calculate the annual depreciation for new appliances