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    annie01982's Avatar
    annie01982 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 26, 2007, 10:59 AM
    Fixed vs. Variable Costs
    I'm having trouble identifying the following items as a fixed or variable cost. Can anyone please help?? Here are the items and what I think they are, but I'm not completely sure:

    Indirect materials--variable
    Overtime premium pay--variable
    Polishing compounds--variable
    Employer's payroll taxes--fixed
    Machine lubricants--variable
    Employees' hospital insurance (paid by employer)--fixed
    Labor for machine repairs--variable
    Vacation pay--fixed
    Janitor's wages--fixed
    Product inspector's wages--fixed

    BTW, it is a Cost Accounting assignment. Thanks is advance to anyone who can help!
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jun 26, 2007, 12:02 PM
    What do YOU think the answers are.

    We will help you, but first you must show an effort.
    bhet's Avatar
    bhet Posts: 77, Reputation: 9
    Junior Member
    		  
    #3

    Jun 26, 2007, 06:38 PM
    Yap I agree with CaptainForest, this sight was created to help, not to make you dependent.
    annie01982's Avatar
    annie01982 Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Jun 26, 2007, 06:49 PM
    Yes and I edited the original question and put in the answers I thought were correct, but it's OK now, I ended up finding the help from others!
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