Cost Variable cost Fixed cost Depreciation Cost of shipping finished goods t

Cost
Variable cost
Fixed cost
Depreciation

Cost of shipping finished goods to customers

Wood used in manufacturing furniture

Manager’s salary

Electricity used in manufacturing furniture

Packing supplies for shipping products

Sand used in manufacturing concrete

Supervisor’s salary

Advertising costs

Executive’s life insurance

4.3 Test your Knowledge (Question):

Answer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.

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