Classify each of the following as a variable or fixed cost with respect to a unit of
Question:
Classify each of the following as a variable or fixed cost with respect to a unit of production:
a. paper used in newspaper production
b. wages of production workers
c. salary of the chief executive officer
d. glue used in furniture production
e. depreciation of factory equipment
f. depreciation of shipping truck g. electricity used to operate machines h. boxes used for packing products i. rent for factory building j. factory insurance
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