Classify each of the following costs as either variable, fixed, or mixed. Costs are from a manufacturer
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Classify each of the following costs as either variable, fixed, or mixed. Costs are from a manufacturer of portable basketball hoops.
1. Factory supervisor salary, $4,000 per month
2. Utilities, $50 per month plus $0.05 per unit produced
3. Assembly worker hourly wages
4. Factory equipment depreciation, $2,000 per month
5. Salesperson pay, $2,000 per month plus 5% of dollar sales
6. Factory insurance, $1,500 per month
7. Screws to assemble hoops
8. Factory rent, $3,000 per month
9. Metal for rims
10. Glass for backboards
11. Office salaries, $3,000 per month
12. Plastic for hoop bases
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