Listed here are product costs for the production of soccer balls. Identify each cost (a) as...

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Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b)

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Answer 1

Answer #1

Product Cost			Variable Or fixed	Direct or indirect
1. Rubber core for soccer ball		Variable		Direct
2. Thread to hold leather together	Variable		Indirect
3. Taxes on factory			Fixed		Indirect
4. Wages on Assembly workers		Variable		Direct
5. Machinery depreciation		Fixed		Indirect
6. Annual flat fees paid for office security	Fixed		Indirect
7. Leather cover for soccer balls	Variable		Direct

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Answer 2

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