Which of the following costs are fixed
Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments. Some kinds of taxes, like business licenses, are also fixed costs. Since you have to pay fixed costs regardless of how much you sell, you should be careful about adding fixed costs to your small business.
What are 10 fixed costs?
Detailed Solution\n\n Expenditure on machines is a fixed cost because it recurs in the same amount per period throughout the useful life of an asset and it cannot be considered a variable cost since it does not vary with activity volume.
Which of the following is a fixed cost Mcq?
Examples of Fixed Expenses\n\n Mortgage or rent payments. Loan payments, such as auto loans or student loans. Insurance premiums, such as for car insurance and homeowners insurance. Property taxes.
What are 4 common fixed expenses?
Examples of fixed costs include rent, taxes, and insurance. Examples of variable costs include credit card fees, direct labor, and commission.
What is an example of a fixed cost?
It is a periodic premium paid under the agreement of policy. For example, insuring the factory building is a fixed cost irrespective of the number of units produced within the factory. The rent paid for the space used to conduct the business is a fixed cost. This amount is not dependent on the performance of the company.
Is insuring a factory a fixed cost?
For example, insuring the factory building is a fixed cost irrespective of the number of units produced within the factory. The rent paid for the space used to conduct the business is a fixed cost. This amount is not dependent on the performance of the company. Even for a retail shop, rent is fixed and is not dependent on the number of sales.
Is rent a fixed cost?
Rent paid for the space that is used to conduct the business is a fixed cost. This amount is not dependent on the performance of the company. Even for a retail shop, rent is fixed and is not dependent on the number of sales.
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