Using the financial statements of the Al Jazeera Steel company:

o List down the different manufacturing and non-manufacturing expenses from Income Statement.

o Each head/ group of manufacturing and non-manufacturing expenses should be followed by the complete details provided in Notes to the Accounts.

o Classify each manufacturing cost as material, labor, or manufacturing overhead cost. Each manufacturing cost should also be classified as fixed or variable or semi-variable cost.

Note: Follow the sample format below.

o Define each non-manufacturing expense either as fixed or variable or semi-variable according to your judgment.

Note: Follow the sample format below.

any financial statements

SAMPLE FORMAT DESCRIPTION ELEMENTS OF COST BEHAVIOR OF COST/ EXPENSE Fixed Variable Semi- D. D. Mfg. Overhead Material Labor Fixed MANUFACTURING EXPENSES/ COST OF GOODS SOLD: Direct material (Example) NON-MANUFACTURING EXPENSES: Admin Expenses (Example): Depreciation (Example) Selling and Marketing Expenses (Example): Newspaper advertisements (Example)