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Below is a list of costs. Classify each of them as variable, fixed, or mixed (a combination of variable and fixed components. a) Cost of
Below is a list of costs. Classify each of them as variable, fixed, or mixed (a combination of variable and fixed components.
a) Cost of raw materials used in producing a firm's products.
b) Property taxes.
c) Wages of sales staff paid on a salary plus commission basis.
d) Wages of hourly paid production-line workers.
e) Site licence for software.
f) Leasing costs for a delivery truck ($600 per month plus $0.40 per km.)
g) Packaging materials for products.
h) Insurance.
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