Cost Classification Flashcards
1
Q
Supervisory salary
A
Fixed Cost
2
Q
Depreciation-factory equipment
A
Fixed Cost
3
Q
Factory supplies
A
Variable Cost
4
Q
Light and water
A
Variable or fixed cost
5
Q
Factory Insurance
A
Fixed Cost
6
Q
Rent
A
Fixed Cost
7
Q
Repairs and maintenance
A
Variable Cost
8
Q
Direct materials
A
Variable Cost
9
Q
Direct labor
A
Variable Cost
10
Q
Property taxes
A
Variable or fixed cost (as the property with high value will get higher taxes)
