Which is not a fixed cost? A) monthly rent of $1,000 contractually specified in a one-year lease. B) an insurance premium of $50 per year, paid last ...
Which is not a fixed cost?
Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.
What is a fixed cost quizlet?
A fixed cost is a cost that in total remains constant as volume of activity changes but on a per unit basis varies inversely with changes in volume of activity.
What are 3 examples of fixed costs?
Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.
What is not a fixed cost in business?
The noted opposite or reverse of a fixed cost is the variable cost. These are costs directly associated with production and can therefore change, depending on the output of your business. This means that the amount you will pay will fluctuate over time, and increase or decrease with levels of production and sales.