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Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable cost, mixed cost, direct material, direct labour, overhead cost
Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable cost, mixed cost, direct material, direct labour, overhead cost and period cost)
i. Salaries of production workers |
ii. Salaries of factorys manager |
iii. Commission of salesperson |
iv.Depreciation of machinery in plant |
v. Depreciation of office equipment |
vi. Chemical used in the production |
vii. Delivery expenses |
viii. Indirect materials |
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