Which of the following are likely to be fixed costs and which variable costs for a chocolatefactory over the course of a month?

(a) The cost of cocoa (1 mark);

(b) Business rates (local taxes) (1 mark):

(c)An advertising campaign for a new chocolate bar (1 mark):

(d) The cost of electricity (paid quarterly) for running the mixing machines (1 mark);

(e)Overtime pay (1 mark).

(f)The basic minimum wage agreed with the union (workers must be given at least one month'snotice if they are to be laid off) (2 marks);

(g)Wear and tear on wrapping machines (1 marks);(h)Depreciation of machines due simply to their age (1 mark);

(I)Interest on a mortgage for the factory: the rate of interest rises over the course of the month (1 mark)