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View Full Version : Fixed vs. Variable Costs


annie01982
Jun 26, 2007, 10:59 AM
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
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
Jun 26, 2007, 06:38 PM
Yap I agree with CaptainForest, this sight was created to help, not to make you dependent.

annie01982
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!