Classify the following costs into Fixed Costs and Variable costs.Raw m – InterviewSolution

1.

Classify the following costs into Fixed Costs and Variable costs.Raw material costs, Daily wages, Interest on capital, Rent, Salary to M.D, Electricity charges, Insurance, Transportation Charges.Fixed CostsVariable Costs

Answer»

Fixed Costs	Variable Costs
1. Salary to M.D	1. Raw material costs
2. Insurance	2. Daily wages
3. Electricity Charge	3.Transportation change
4. Rent	4. Interest on capital

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