Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost,...
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Accounting
Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable cost, mixed cost, direct material, direct labour, overhead cost and period cost) i. Salaries of production workers
ii. Salaries of factorys manager
iii. Commission of salesperson
iv.Depreciation of machinery in plant
v. Depreciation of office equipment
vi. Chemical used in the production
vii. Delivery expenses
viii. Indirect materials
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