Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Factory Accounts

Authors: John Whitmore

1st Edition

0367494825, 9780367494827

More Books

Students also viewed these Accounting questions