Peyton Products Makes Paddle Boards, and Would Like to Identify

Essay

Peyton Products makes paddle boards, and would like to identify the behavior of certain costs with respect to each paddle board produced and sold.
Required:
Identify each of the following costs as variable (V), fixed (F), or mixed (M).
1. Salary of chief financial officer (CFO).
2. Parts required for production.
3. Straight-line depreciation on factory machinery.
4. Salaries and commissions of salespeople.
5. Lease payments of $30,000 for factory equipment plus 5 cents for each
keyboard completed.
6. Company cell phones with flat fee of $80 plus 5 cents per minute.
7. Invoices sent to customers.
8. Salary of production manager.
9. Hourly wages for assembly workers.