In: Accounting
Classify the following expenses incurred by a fertilizer
business according to cost classification (fixed cost, variable
cost, mixed cost, direct material, direct labour, overhead cost and
period cost)
i. Salaries of production workers
ii. Salaries of factory’s manager
iii. Commission of salesperson
iv.Depreciation of machinery in plant
v. Depreciation of office equipment
vi. Chemical used in the production
vii. Delivery expenses
viii. Indirect materials