(solution) Which of the following expenses are fixed costs and which are the

(solution) Which of the following expenses are fixed costs and which are the

Which of the following expenses are fixed costs and which are the variable costs or neither?

1/Write-Up/write-back to value of inventory obsolescence provision

2/Loss/gain on sale of plant and equipment

3/Operating lease rental expense: Minimum lease payments

4/Net foreign exchange gain/loss

5/Wages and salaries (including on-costs) 

6/Contributions to defined contribution plans

7/Movements in provisions for employee benefits

8/Equity settled share based payment expense

9/Depreciation and amortisation

10/Product development and sourcing costs

11/Transaction expenses

12/Restructuring costs of Cost of goods sold

13/Impairment of product development

14/Restructuring costs of Logistics expenses and outward freight

15/Restructuring costs of Administration

16/Cost of goods sold

17/Marketing and selling

18/Product development and sourcing

19/Logistics expenses and outward freight

20/Administration

21/Net finance expense

22/Premises, lease & utilities expenses

23/Advertising and marketing expenses

24/Cost of sales : a/Costs of inventories recognised as an expense (includes write-down of inventory to net realisable value)

                             b/Costs of delivering goods to customers

                             c/Warranty provision