Explain and classify the expenses below to the appropriate cost terms making sure each term is used only once. COST CLASSIFICATION a) The minerals are drilled by a team each paid a wage cost of GH 2,700 per year. b) For the year just ended 2020 Andes rent a mineral concession for GH 250,000 and therefore did not mine at all

c) The management of Andes spent GH 120,450 assessing the marketability of their product before establishing the drilling Plant in the city.

d)The workers digging the minerals are supervised at a yearly salary of GH 25,000

e) The Andes produce machinery for the mines for drilling. This machinery periodically experiences non-performance. The drilling departs on that note rent a set of equipment in place of the machinery at Ghc 42,000.

f) The cost of changing raw mineral to become an end product which the whites can wear occasionally is GH 1,230.

g) The capacity of the machines used to make the mineral dwindled in value by GH 7,390

h) Andes keeps her expatriate staff in quest rooms in the factory yet included rent as GH 1,500 per month in its end of year accounts.

2marks each ( Total = 16marks)