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Question
Stone Company, maker of computers, incurred the following costs during the year:Classify each cost as either fixed or variable cost.
| Fixed | Variable | ||
| 1) | Salary of the factory supervisor | ||
| 2) | Materials needed to assemble the computers | ||
| 3) | Wages paid to an assembly line worker | ||
| 4) | Depreciation on the factory | ||
| 5) | Utility bill for the factory | ||
| 6) | Grease used to lubricate the machine | ||
| 7) | Rent paid for the factory | ||
| 8) | Property taxes on the factory and corporate office | ||
| 9) | Boxes used to package the completed computers | ||
| 10) | Advertising in a newspaper monthly |
Answer
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