A Limited is a manufacturer of china plates. Its costs include the following: Payments to plate painters. The painters each receive a basic wage and then are paid a fixed sum for each completed plate that passes the firm’s quality checks.Managing director’s salaryCost of china clay used in production Royalty payable to designer. The designer receives £30 for production runs of up 1000, £60 for production runs of up to 2000, and so onDepreciation of delivery vehicle” “Required:Classify each of these costs as: variable, fixed, stepped or semi-variable"

The cost denotes the quantity of cash that an organization spends on the creation or production of…

Answered: A Limited is a manufacturer of china…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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A Limited is a manufacturer of china plates. Its costs include the following:
Payments to plate painters. The painters each receive a basic wage and then are paid a fixed sum for each completed plate that passes the firm’s quality checks.
Managing director’s salary

Cost of china clay used in production

Royalty payable to designer. The designer receives £30 for production runs of up 1000, £60 for production runs of up to 2000, and so on
Depreciation of delivery vehicle”

“Required:

Classify each of these costs as: variable, fixed, stepped or semi-variable"

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