Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following costs may be classified as direct costs of a toy manufacturer? i Plastic used in the manufacture of a toy. li
Which of the following costs may be classified as direct costs of a toy manufacturer? i Plastic used in the manufacture of a toy. li Salary of the factory manager. il Grease and oil used in the factory machines. iv Wages of the machine operators responsible for making the toys. A. li and iv B. i and iv C. i and it D. i and i A fixed cost is a cost which A. varies in total with changes in the level of activity B. varies inversely in total with changes in the level of activity C. remains constant per unit with changes in the level of activity D. remains constant in total with changes in the level of activity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started