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Question 6 (15 Marks) Classify each of the following cost as fixed or variable a. Credit card transaction fees paid by retailer - $0.20 per
Question 6 (15 Marks) Classify each of the following cost as fixed or variable a. Credit card transaction fees paid by retailer - $0.20 per transaction plus 2% of the sales amount b. Annual salaries paid to office staff c. Gasoline used to drive company shuttle van d. Syrup used by an ice cream parlour e. Property tax on an electronics factory f. Annual contract for company landscaping g. Boxes used to package computer components at Dell h. Wages paid to hourly retail staff at the company store i. Annual Web hosting fee for company Website j. Cost of coffee sold at Tim Horton's k. Monthly lease payment on branch office 1. Straight-line depreciation on production equipment m. Rental car fees for company business travellers - billed at $0.45 perr kilometre n. Commissions paid to sales staff 7% of sales revenue o. Cost of paint used at an auto body shop
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