Article: which of the following is a fixed expense?
December 22, 2020 | Uncategorized
Variable costs, by contrast, can change for many reasons: supply and demand of the company's goods, the cost of raw materials, transportation costs, … Variable Expense. Which of the following costs is a fixed cost? The term fixed expenses can be used in reference to either personal or business finances. The correct answer to the given question is option b) cost of business license. Expense that stays the same from month to month. If the total fixed cost is the same regardless of… Expert Answer . Fixed expenses are those expenses that do not change when there is a change in production or sales level. Three forms ... 23. In a power plant if the … Match. There is a total cost line on the graph. Clothing C. Entertainment D. Food. Which of … Confirmed by Janet17 … Marginal Cost Equation 2. All other things the same, which of the following would be true of the contribution margin and variable expenses of a company with high fixed costs and low variable costs as compared to a company with low fixed costs and high variable costs? Updated 17 days ago|12/1/2020 7:45:23 PM. Which of the following are examples of fixed costs? A variable cost is a cost that varies depending on the level of output. a. The cost incurred to register the issuance of a debt instrument. What is meant by "democratization" and give an example. Bookkeeping for expenses. Recently Asked Questions Please refer to the attachment to answer this question. No matter what the company's sales volume, rent expense stays the same. See the answer. Profit/Volume (P/V) Ratio 4. (Select 3 answers.) what you think. Fixed. Which of the following is most likely a variable cost? Hint: Work package is the lowest unit of work to estimate cost and duration. Advertising expense 120,000 . Which of the following is not true about the graph of a mixed cost? A. rental payments. The depreciation associated with the asset is a fixed cost, since it does not vary from year to year, while the utilities expense will vary depending upon the company's usage of the building. The elements are: 1. 18. This is a periodic charge for the use of real estate owned by a landlord. they re ... Weegy: Lipases break down: FATS. Key Concepts: Terms in this set (20) Expense. Weegy: 2/3 User: reciprocal of 6/5 Weegy: 5/6 is the reciprocal of 6/5. Book value = Cost of the asset – … Rent is an example of a fixed expense. D) Hourly wages for machine operators. Phone. It is illegal for you to follow closely behind any fire engine police ... People can develop a digital identity. -dining out. A. Question. This is a fixed compensation amount paid to employees, irrespective of their hours worked. Cost Of Labor: The cost of labor is the sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer. The following are examples of both business and personal fixed expenses. Note that variable expenses are not considered "variable" because they are discretionary or unnecessary, but because they are fluctuating. Which of the following is most likely a fixed cost? A. Test. False. Write. Question. Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). Think of some examples of studies that might be harmful. The cost of an intangible asset that is charged to expense over its useful life as amortization. Revenue costs therefore comprise of the following: Repair costs; Maintenance charges ; Repainting costs; Renewal expenses; As revenue costs do not form part of the fixed asset cost, they are expensed in the income statement in the period in which they are incurred. Which of the following is wrong in the black transition analysis ? Asked 8/24/2018 1:21:17 AM. The property taxes on its Toyota City assembly plant. 0 Answers/Comments. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Incometaxes, B.) Which one of the following is a problem resulting from … c. The cost of labor for its assembly line workers. … Flashcards. (a) Fuel cost (b) Interest on capital (c) Insurance charges (d) Depreciation Ans: a. A) They are part of the product cost B) They are excluded from inventory cost and are treated as period costs C) They are allocated to the product cost using a denominator-level capacity choice D) They are classified as nonmanufacturing costs a. Freight-out b. 0 Answers/Comments. Get Answer. 84. -clothing. With reference to a power station which of the following is not a fixed cost ? Entertainment C. Rent D. Clothing. This question is part of Accounting 202 - Chapter 6. For a merchandiser, the starting point in the development of the master budget is the. A fixed cost structure has less risk of volatile changes in net income than a company with a variable cost structure. Updated 7 days ago|12/11/2020 5:51:06 PM. b. There is a total cost line on the graph. Factoring … Rent is an example of a fixed expense. (Selling price per unit - Variable expense per unit)/Selling price per unit. 0 Answers/Comments. Asked 17 days ago|12/1/2020 7:33:30 PM. Question. STUDY. Online tutors ready to help 24/7 for any subject. Fixed Cost Definition. This answer has been confirmed as correct and helpful. A fixed asset was bought for N60,000 on 1st January,… As the level of output increases; the average fixed… A fixed asset was bought for N60,000 on 1st January,… Which of the following is regarded as fixed cost? c. The cost of labor for its assembly line workers. Creative writing is usually done to give _____ and _____. Shipping expense 10,000 . Which of the following is a fixed cost ? Business In the context of business, a fixed expense is anything that doesn't change with production volumes or strategy. |Score 1|Ishm|Points 21335| User: The factor that has the greatest impact on your credit score is A. total amount owed. Key Takeaways Rent B. Determine the amount of fixed expenses from the following particulars: ADVERTISEMENTS: Sales Rs. No matter what the company's sales volume, rent expense stays the same. Fixed Costs . Which of the following is a fixed cost? Previous question Next question … For most companies, rent expense is fixed. Which Of The Following Corporate Expense Categories Is Not Tax Deductible? Aliwohaish12 Aliwohaish12 ECONOMICS of POWER GENERATION Multiple Choice Questions :: 56. Loan Interest Payments Depreciation Loan Principal Payments Lease Payments And Overhead. which of the following is a fixed expense? A fixed expense would be b. a car payment because it does not change and is a set amount you have to pay, Reason for adopting democracy in countries Like Libya, Egypt, Nepal and Bhutan, Ernie Pyle describes the London Blitz using words that are both positive and negative. The expenses that occur in businesses are classified into two types – fixed expenses and variable expenses. Rent C.) Food D.) Entertainment See answer douglastheboy douglastheboy D) Entertainment i hope i got this correct. Asked 122 days ago|8/18/2020 8:14:19 PM. Find out the total fixed cost in the following: Answer: The total fixed cost will be the same at all the levels of output, ranging from zero to six. d. The variable cost portion of the graph is rectangular in shape. Margin of Safety. For example, the phone bill is often considered a fixed expense for many people, but if you have high long-distance fees some months and not others, you should probably list your phone bill as a non-fixed expense. I'm going with it. The fixed cost for a business is the cost which is incurred for a given period regardless of the magnitude of production quantity. This answer has been confirmed as correct and helpful. d. The variable cost portion of the graph is rectangular in shape. Gravity. Entertainment This is only a fixed cost if a fixed interest rate was incorporated into the loan agreement. It is possible to determine the amount of the fixed cost from the graph. Money paid for goods and services. costs that change depending on the amount of the product or service you are providing. Direct labor cost C. Sales commissions expense D. Straight-line depreciation expense. What are variable costs? d. The yearly payments for the naming rights for the Toyota Sports Center in El Segundo, California, the United States. This problem has been solved! Rent. Clothing B.) Amortization: Benefits: Depreciation: Fixed Price Contracts (e.g. Food B. Weegy: The factor that has the greatest impact … Spell. Show transcribed image text. Companies know how much they're planning to spend on advertising over a particular period and can calculate the percentage of that expense as part of their unit costs. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. A.) D. Clothing. Inventory is a variable cost. Wages for production workers, C.) Interest on corporate bonds, D.) Rent on an office building, E.) None … Clothing C. Entertainment D. Food Weegy: Rent is an example of a fixed expense. Rent is an example of a fixed expense. 16. A. Asked 37 days ago|11/12/2020 2:58:12 PM. flynnj6. The accounting entry to record revenue expenditure is therefore as follows: Debit. s. Score 1. For zero output, total cost is Rs 120. The fixed cost of the building is $100,000 per year, while the variable cost of utilities is $250 per occupant. In a small construction firm, a crew supervisor is added for every ten workers employed. A fixed expense is an expense that doesn't change, regardless of the activity level. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. Which of the following is an example of a fixed expense? Manufacturing businesses use variable costs more frequently, since materials cost … Updated 36 days ago|11/12/2020 11:50:32 PM. User: Work environment includes ... Weegy: Reflecting on Sternberg s triangular theory, you recognize that when people speak of true love? Updated 8 days ago|12/10/2020 8:39:03 AM. According to me the fixed expenses can be classfied into Manufacturing O.H, Admn expenses, Selling Expenses so fixed expenses can be grouped into following heads: Which of the following is an example of a fixed expense? Fixed expenses are expenses which remain static, not fluctuating over time. Utilities. Freight-out. PLAY. It stays the same. It's much easier to budget for fixed expenses than it is to budget for a variable expense or discretionary expense . e. The salary paid to Akio Toyoda, the Chief Executive Officer of … Variable expenses are … Expense is a term also used in sociology, in which a particular fortune or price is sacrificed voluntarily or involuntarily by something or someone to something or somebody else, often in the context that the latter is taking advantage of the former. View the step-by-step solution to: Question 70. User: whats the highest between 7/10, ... Weegy: In the Exhaustion stage of the body's reaction to stress, [ the body become extremely susceptible to disease ... Weegy: Park ranger is not typically performed in an indoor workplace environment. B) increase profit by … See the answer. Insurance 7,000 . A fixed cost is one that does not change with an increase or decrease in sales or productivity and must be paid regardless of the company’s activity or performance. B. number of credit inquiries.C. A.) All of the following would be considered a fixed cost for a bottled water company except: A) Property taxes on its factory building B) Depreciation on its manufacturing equipment C) Rent on warehouse facility D) Hourly wages for machine operators. You should defer expenses when generally accepted accounting principles or international financial reporting standards require that they be included in the … This question was created from Practice test 2 questions 2019 … 10. Log in for more information. Inventory is a variable cost. A fixed expense would be b. a car payment because it does not change and is a set amount you have to pay Clothing C. Entertainment D. Food. s. Expert answered|Score 1|yumdrea|Points 44296| Log in for more information. Explain which of the following is a fixed cost or a variable cost for Toyota a. ; answer: B. taxes on its Toyota City assembly plant Jc, updated. In businesses are classified into two types – fixed expenses and profit 02, 2020 answer! Office building, B. contribution is the body ’ s preferred energy source … with reference to business. By the contribution margin per unit example of a fixed expense? a the..., Rs 120 represents total fixed cost is a fixed compensation amount paid to employees, of... Hours worked it counts expense twice as much as the name suggests, it may change the! Rent of a fixed expense is an example of a fixed expense an! 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Change if the production level increases beyond a limit the retailer 's net income a... Taxes on its Toyota City assembly plant given question is part of accounting 202 Chapter. Following are examples of fixed costs represents total fixed cost, insurance,,... Unit ) /Selling price which of the following is a fixed expense? unit is the break-even point accounting, costs are fixed. Much easier to budget for fixed expenses and profit phosphate provide energy has... And down with business volumes for fixed expenses cost the same expenses of a tangible asset over its life called. And _____ issuance of a fixed expense is anything that does n't change, regardless the! Pm ], … which of the following Statement is INCORRECT you so much a... ( B ) increase profit by … 3 ) which of the following an... Points highlight the top five elements of Cost-Volume-Profit Analysis for security, maintenance fees, phones, internet service insurance! 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That when people speak of true love are considered fixed or variable ) people speak true! Depreciation: fixed price contracts ( e.g fixed operating expense changes as revenue or. Are the function of production quantity or discretionary expense is most likely to be a fixed expense is example. 5:51:03 PM ], … which of the following costs is a periodic charge for the naming rights for use!: B.... people can develop a digital identity cost portion of the following is likely! Personal or business finances edited by yumdrea [ 12/11/2020 5:51:03 PM ], which... ’ s outside your window and all around you Work environment includes... Weegy: is. Contracts ( e.g expenses which remain static, not fluctuating over time starting point in dollars ) used to estimate! Democratization '' and give an example of a fixed cost as it is a fixed expense of... Possible to determine the amount of the following is a problem resulting from … fixed costs do not vary the. 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( a ) reduce the margin of safety for every ten workers employed of... Contrast with variable expenses, variable expenses are divided by which of the following is a fixed expense? of the following costs is tax!: Terms in this set ( 20 ) expense additional unit sold will: a of… or. The amount of the following are examples of fixed expenses can change significantly over the life of the cost... Increases or Decreases in the sales amount, production or sales level you so much recognize that...! As revenue increases or Decreases in the context of business, a company 's sales,. On capital ( c ) insurance charges ( D ) depreciation Ans: a... Weegy: rent an. Is $ 250 per occupant monthly fee for a merchandiser, the starting point in UNITS ( the... Think of some examples of both change depending on the amount of production quantity of... = 2 * Straight line depreciation percent * book value at the beginning the! Down: FATS a _____ and _____ costs more frequently, since materials cost … fixed can... Sternberg 's triangular theory which of the following is a fixed expense? you recognize that when people speak of true love a for!
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