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Classify each of the following as a variable or fixed cost with respect to a unit of production: Question content area bottom Part 1 Classifications
Classify each of the following as a variable or fixed cost with respect to a unit of production:
Question content area bottom
Part 1
Classifications | Costs | |||
a. | Salaries of production supervisors. | |||
b. | Steel used in automobile production. | |||
c. | Wood used in furniture production. | |||
d. | Salaries for factory custodial staff. |
Part 2
e. | Depreciation of factory equipment. | |||
f. | Lubricants for machines. | |||
g. | Electricity used to operate a specific machine. | |||
h. | Wages of production workers (production workers do not vary in the short run). |
Part 3
i. | Rent for a factory building. | |
j. | Glue used in furniture production. | |
k. | Maintenance for production equipment, performed every month. | |
l. | Paper used in newspaper production. |
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