Complete the following problems.ÿ—1. ÿÿ ÿa. Fire insurance premium paid on factory buildingsÿ ÿb. Electric bill for the warehouse operationsÿ ÿc. Material handling cost related to productionÿ ÿd. Salary paid for plant managerÿ ÿe. Salary paid for engineersÿ ÿf. Leasing expense for forklift trucks in warehouse operationÿ ÿg. Wages incurred in producing productsÿ ÿh. Income taxes paidÿ ÿi. Interest expenses on borrowed fundsÿ ÿj. Raw material costsÿ2.ÿA company in its first year of operation expects the following financial results from a project:Sales revenue: $350,000Variable costs: $90,000Fixed costs: $75,000ÿ3.ÿÿ ÿa. Property taxes on a factory buildingÿ ÿb. Sales commissionÿ ÿc. Heat and air conditioning for a plantÿ ÿd. Regular maintenance on machinery and equipmentÿ ÿe. Factory fire insuranceÿ ÿf. Basic raw materials used in productionÿ ÿg. Salaries paid to design engineersÿ ÿh. Electricity for machinery and equipment in a plantÿ ÿi. Property taxes on an administrative buildingÿ ÿj. Wages paid to temporary workersÿ4.ÿ:ÿ ÿa. Sugar used in ice cream productionÿ ÿb. Electricity for heating and cooling the factory buildingÿ ÿc. Electricity for operation of machinesÿ ÿd. Janitorial and custodial salariesÿ ÿe. Lubricants used for machinesÿ ÿf. Paint shop superintendent’s salaryÿ ÿg. Rent on a factory buildingÿ ÿh. Labor costs in assembling a productÿ ÿi. RFID (Radio-frequency identification) units embedded in the final product during shippingÿ ÿj. CPU chips used in notebook production
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