Factoring … 18. Updated 17 days ago|12/1/2020 7:45:23 PM. Rent is an example of a fixed expense. B. number of credit inquiries.C. Internet) Loan … A) cost of dairy ingredients used to produce ice cream B) fuel used by delivery trucks C) labor wages of workers who mix dairy ingredients to make ice cream D) depreciation expense on factory building. Cost plus fixed fee; Fixed price; Fixed price plus incentive free; B and C; Answer: A. Expenditures on raw materials b. See the answer. ECONOMICS of POWER GENERATION Multiple Choice Questions :: 56. e. The salary paid to Akio Toyoda, the Chief Executive Officer of … The fixed cost of the building is $100,000 per year, while the variable cost of utilities is $250 per occupant. The cost of a fixed asset that is charged to expense over its useful life in the form of depreciation. Question. Calculating fixed and variable expenses is an important aspect of effectively managing a budget to ensure that funds will be available when they are needed, including in an emergency when an unexpected expens… What type of studycould put human participants at risk? Edited by … Question: Which Of The Following Statement Is INCORRECT? 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. 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. Cost–Volume-Profit Analysis: Element # 1. Variable expenses differ from fixed expenses, such as your mortgage or rent, that remain the same throughout the term of your loan or lease. 0 Answers/Comments. Asked 7/13/2016 3:34:07 PM. Explain which of the following is a fixed cost or a variable cost for Toyota a. 20,000 and Profit Rs. User: How long does creatine phosphate provide energy? Higher CM Lower VC. This includes most types of employee salary with the exception of labor that is scaled up and down with business volumes. -cable/internet. This question was created from Practice test 2 questions 2019 … Learn. 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? Expert Answer . Earn a little too. Variable Expense. © 2020 Education Expert, All rights reserved. Show transcribed image text. This answer has been confirmed as correct and … Flashcards. With reference to a power station which of the following is not a fixed cost ? Which of the following is most likely a variable cost? Edited by yumdrea [12/11/2020 5:51:03 PM], … For example, 1. Question 17 Options: A) Fixed Operating Expense Changes As Revenue Increases Or Decreases In The Relevant Range. Question. d. A mixed cost … Rent C.) Food D.) Entertainment See answer douglastheboy douglastheboy D) Entertainment i hope i got this correct. Which of the following is an example of a fixed expense? Updated 7 days ago|12/11/2020 5:51:06 PM. Reflecting on Sternberg's triangular theory, you recognize that when ... What is the body’s preferred energy source? Match. Clothing C. Entertainment D. Food. Contribution Margin 3. Expenses should be separated as fixed and variable B. Filed Under: CBSE. There is a total cost line on the graph. Which of the following statements is true? Property taxes. In a small construction firm, a crew supervisor is added for every ten workers employed. For a merchandiser, the starting point in the development of the master budget is the. they re ... Weegy: Lipases break down: FATS. Which of the following is an example of a fixed expense? Marketing report 2,000 . 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. A variable cost is a cost that varies depending on the level of output. s. Expert answered|houd|Points 1299| Log in for more information. Salaries. The following are examples of both business and personal fixed expenses. Three forms ... 23. The degree of operating leverage can be … The term fixed expenses can be used in reference to either personal or business finances. 5 marker​. This is only a fixed cost if a fixed interest rate was incorporated into the loan agreement. Select one: a. They remain constant for a specific level of production over a certain period of time. Fixed cost refers to those costs incurred by the company during the accounting period under consideration that has to be paid no matter whether there is any production activity or the sale activity in the business or not and the examples of which includes rent payable, salaries payable, interest expenses and other utilities payable. Aliwohaish12 Aliwohaish12 Uploaded by: link7795. Food B. 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: TutorsOnSpot.com. Money paid for goods and services. 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? b. 0 Answers/Comments. A fixed expense is an expense that doesn't change, regardless of the activity level. Unlike fixed expenses, variable expenses can change significantly over the course of a week, a month, or a year. See the answer. This question is part of Accounting 202 - Chapter 6. The risk of volatile changes in net income is not affected by a company's cost structure (fixed or variable). Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. It is possible to determine the amount of the fixed cost from the graph. The fixed cost for a business is the cost which is incurred for a given period regardless of the magnitude of production quantity. a. Which of the following is wrong in the black transition analysis ? -rent. c. The cost of labor for its assembly line workers. 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. Which of the following is not true about the graph of a mixed cost? Write. 50,000. s. Score 1. No matter what the company's sales volume, rent expense stays the same. 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. 80,000; Direct Labour Rs. In a power plant if the … costs that change depending on the amount of the product or service you are providing. A variable cost is a cost that varies depending on the level of output. 69. A fixed cost structure has less risk of volatile changes in net income than a company with a variable cost structure. A. Knowing the amount of a company's fixed expenses assists in understanding how the retailer's net income will change as volume changes. A computer for recording customer and order information A monthly fee for a flea market booth A radio ad. STUDY. This problem has been solved! A fixed expense is an expense that doesn't change from month to month. Weegy: 2/3 User: reciprocal of 6/5 Weegy: 5/6 is the reciprocal of 6/5. This problem has been solved! Which of the following are examples of fixed costs? Online tutors ready to help 24/7 for any subject. A fixed expense would be b. a car payment because it does not change and is a set amount you have to pay To facilitate decision-making, fixed expenses should be expressed on a per-unit basis. Expense that stays the same from month to month. Direct labor cost C. Sales commissions expense D. Straight-line depreciation expense. Asked 37 days ago|11/12/2020 2:58:12 PM. Rent. This answer has been confirmed as correct and helpful. Note that variable expenses are not considered "variable" because they are discretionary or unnecessary, but because they are fluctuating. 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. If the total fixed cost is the same regardless of… Confirmed by Janet17 … This is one of the two common methods a company uses to account for the expenses of a fixed asset. Question. It stays the same. Question. Rent is an example of a fixed expense. C. Variable expenses are the function of production quantity. Get Answer. 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. (4) Cost Variance (CV) is which of … This is the … A.) Contribution: Contribution is the difference between the sales and-the marginal cost of sales and it contributes towards fixed expenses and profit. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Log in for more information. Management budgets fixed costs, such as advertising, and keeps control over the expense. Direct materials cost B. This is in contrast with variable expenses, which change. a. Which of the following is most likely to be a fixed cost of a manufacturing company? Wages for production workers, C.) Interest on corporate bonds, D.) Rent on an office building, E.) None … In a small construction firm, a crew supervisor is added for every ten workers employed. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Why do you think the ASA crafted such a detailed set of ethical principles? b. Clothing B.) which of the following is a fixed expense? Amortization: Benefits: Depreciation: Fixed Price Contracts (e.g. c. A fixed cost structure has more risk of volatile changes in net income than a company with a variable cost structure. Fixed Cost refers to the cost or expense that is not affected by any decrease or increase in the number of units produced or sold over a short-term horizon.In other words, it is the type of cost that is not dependent on the business activity, rather it is associated with a period of time. A. … Fixed Cost Examples. sales budget. False. Food Which of the following is a fixed cost? Which of the following is most likely a fixed cost? Utilities. Insurance 7,000 . Rent/Mortgage. s. Expert answered|Janet17|Points 25088| Log in for more information. Phone. The property taxes on its Toyota City assembly plant. A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels. types of credit in use. The monthly rent of a retai… A. Clothing C. Entertainment D. Food Weegy: Rent is an example of a fixed expense. Entertainment C. Rent D. Clothing. a. electricity b. worker bonuses c. mortgage on the building d. steel to produce refrigerators. Unlike variable costs, a company's fixed costs do not vary with the volume of production. b. User: Work environment includes ... Weegy: Reflecting on Sternberg s triangular theory, you recognize that when people speak of true love? Rent is an example of a fixed expense. a. Shipping expense 10,000 . 3) Which of the following best describes how fixed cost are treated in a variable cost method? What are variable costs? 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? The cost of aluminum used for its automobiles. Which one of the following is a problem resulting from … Asked 17 days ago|12/1/2020 7:33:30 PM. (a) Diesel engine plant (b) Nuclear power plant (c) Gas turbine plant (d) Pumped storage plant Ans: b. At zero output, total variable cost will be zero. This type of cost tends to instead be associated with a period of time, such as a rent payment in exchange for a month of occupancy, or a salary payment in exchange for two weeks of services by an employee. Clothing C. Entertainment D. Food. Weegy: The factor that has the greatest impact … Highest; Lowest; Major work effort; Third; Answer: B. To obtain the break-even point in terms of dollar sales, total fixed expenses are divided by which of the following? d. The variable cost portion of the graph is rectangular in shape. Gravity. 0 Answers/Comments. Inventory is a variable cost. the auditor has noticed existence of recurring losses sale of fixed assets this indicates a) depreciation charges are insufficient b) policy of sale or disposal of fixed assets needs to be reviewed c) the sale of assets have not been properly authorized d) accounting errors 7. which of the following financial statements assertions are addressed by testing the cut off for plant asset addition a) existence and … Recently Asked Questions Please refer to the attachment to answer this question. Asked 122 days ago|8/18/2020 8:14:19 PM. Created by. If the total fixed cost is the same regardless of… s. Expert answered|Score 1|yumdrea|Points 44296| Log in for more information. Which Of The Following Corporate Expense Categories Is Not Tax Deductible? Share what’s outside your window and all around you. They are expenses that will have to be paid by the company even though there are any changes in business activities. Miscellaneous costs 3,000 . ADVERTISEMENTS: The following points highlight the top five elements of Cost-Volume-Profit Analysis. Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities. Fixed Costs . A company increased the selling price for its product from $5 to $6 per unit when total fixed expenses increased from $100,000 to $200,000 and variable expense per unit remained unchanged. Break Even Point 5. Rent B. 18. This is a periodic charge for the use of real estate owned by a landlord. Which of the following is an example of a fixed expense? As the name suggests, it counts expense twice as much as the book value of the asset every year. Fixed Costs . 84. Asked 8/24/2018 1:21:17 AM. RENT is an example of a fixed expense. Fixed expenses are those that will remain same despite any change in the sales amount, production or some other activity. c. The cost of labor for its assembly line workers. C. Rent The formula is: Depreciation = 2 * Straight line depreciation percent * book value at the beginning of the accounting period. Which of … I'm going with it. (Select 3 answers.) Previous question Next question … what you think. Marginal Cost Equation 2. There is a total cost line on the graph. What is meant by "democratization" and give an example. Updated 36 days ago|11/12/2020 11:50:32 PM. However, it may change if the production level increases beyond a limit. Variable costs, by contrast, can change for many reasons: supply and demand of the company's goods, the cost of raw materials, transportation costs, … 50,000; Variable Overheads its. Rent is an example of a fixed expense. Key Takeaways Margin of Safety. This is a fixed compensation amount paid to employees, irrespective of their hours worked. Think of some examples of studies that might be harmful. It is a fixed cost as it is incurred with the same value over the life of the asset. Explain two Christian beliefs of Eucharist? Fixed Cost Definition. 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 Fixed Expense. For most companies, rent expense is fixed. It's much easier to budget for fixed expenses than it is to budget for a variable expense or discretionary expense . Which of the following costs is a fixed cost? Fixed expenses are expenses which remain static, not fluctuating over time. This is an accelerated depreciation method. Sales revenues should not depend on the amount of production. D. Clothing. -clothing. … A.) Expense that changes from month to month. (a) Fuel cost (b) Interest on capital (c) Insurance charges (d) Depreciation Ans: a. The correct answer to the given question is option b) cost of business license. The total amount of fixed expenses can also be used to quickly estimate a company's break-even point. 55. 0 Answers/Comments. Weegy: Creatine - a ... WINDOWPANE is the live-streaming social network that turns your phone into a live broadcast camera for streaming to friends, family, followers, or everyone. For most companies, rent expense is fixed. c. The fixed cost portion of the graph is the same amount at all levels of activity. _____ is invariably used as base load plant. B. This answer has been confirmed as correct and helpful. PLAY. Fixed or Variable Expenses. 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. Key Concepts: Terms in this set (20) Expense. Book value = Cost of the asset – … View the step-by-step solution to: Question 70. Updated 8 days ago|12/10/2020 8:39:03 AM. 2.3 Ethical Concerns5. 2, 40,000: Direct Materials Rs. Hence, Rs 120 represents total fixed cost at all levels of output. Question: Which Of The Following Corporate Expense Categories Is Not Tax Deductible? Manufacturing businesses use variable costs more frequently, since materials cost … Question. Rent B. … Bookkeeping for expenses. Once sales reach the break-even point, each additional unit sold will: A) reduce the margin of safety. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. User: Which of the following is an example of a fixed expense?A. Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. No matter what the company's sales volume, rent expense stays the same. Office salaries c. Property taxes d. Depreciation Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Budget Preparation PDF created with pdfFactory Pro trial version A) variable cost B) step … The expenses that occur in businesses are classified into two types – fixed expenses and variable expenses. The property taxes on its Toyota City assembly plant. You should defer expenses when generally accepted accounting principles or international financial reporting standards require that they be included in the … Revenue Expense (Income Statement) Credit. For zero output, total cost is Rs 120. The fixed contracts for security, maintenance fees, phones, internet service, insurance, lighting, advertising, etc. A. Text line breaks and returns are controlled using which tags. True or False. It does not vary. Fixed expenses cost the same amount each month. Hint: Cost plus fixed fee covers the actual cost (3)) To assist in budget control, it is suggested that an estimate be created at the _____ ____ _____ level of the WBS. -hair salon. It is illegal for you to follow closely behind any fire engine police ... People can develop a digital identity. g |Score 1|Ishm|Points 21497| Log in for more information. The cost of aluminum used for its automobiles. The cost of merchandise sold, C.) Depreciation taken on equipment, D.) The cost of commissioned sales people, E.) Alloftheabove. 16. Amortization 2,400 . Inventory is a variable cost. D. all E. Income and expense intersection point is break-even point This answer has been confirmed as correct and helpful. A. rental payments. Find evidence for your reasoning, What was the Columbian Exchange was all about including whom it was named after what goods were trade and what countries were involved, The belief that one's culture is superior to other cultures is known as, Abstract art become so popular in Latin art Circle in the early 1900s? Fixed expenses are those expenses that do not change when there is a change in production or sales level. Depreciation taken on an office building, B.) Which of the following is a fixed cost ? Entertainment Advertising expense 120,000 . Cost–Volume-Profit Analysis: Element # 2. B) increase profit by … Which of the following costs is a fixed cost? A. Hint: Work package is the lowest unit of work to estimate cost and duration. Asked by Jc, Last updated: Jul 02, 2020 + Answer. d. The yearly payments for the naming rights for the Toyota Sports Center in El Segundo, California, the United States. Which of the following is an example of a fixed expense? Which of the following is an example of a fixed expense? A) cost of dairy ingredients used to produce ice cream B) fuel used by delivery trucks C) labor wages of workers who mix dairy ingredients to make ice cream D) depreciation expense on factory building. This answer has been confirmed as correct and helpful. The salaries of the crew supervisors are a _____. Fixed. Which of the following is not true about the graph of a mixed cost? 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. A. Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). A.) c. The fixed cost portion of the graph is the same amount at all levels of activity. flynnj6. 69. The cost incurred to register the issuance of a debt instrument. Spell. b. Determine the amount of fixed expenses from the following particulars: ADVERTISEMENTS: Sales Rs. (Selling price per unit - Variable expense per unit)/Selling price per unit. Expenses like rent, insurance, payment on loans, management salaries, advertising are examples of fixed costs. A. a. Freight-out b. Hope that helped! Which of the following is an example of a fixed expense? -dining out. The elements are: 1. b. Test. The cost of an intangible asset that is charged to expense over its useful life as amortization. Rent B. 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. 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. Food B. The accounting entry to record revenue expenditure is therefore as follows: Debit. Gradual writing-off of a tangible asset over its life is called depreciation. D. payment history. If a company requires a profit of $30,000 (instead of breaking even), the $30,000 should be combined with the fixed expenses in order to compute the point at which the company will earn $30,000. A certain period of time, costs are considered fixed or variable expenses are expenses which remain static not. Tutors ready to help 24/7 for any subject per-unit basis, … which of the following is not fixed! Week, a crew supervisor is added for every ten workers employed by `` ''! The building d. steel to produce refrigerators variable cost method examples of both for. Be … 16 development of the following is wrong in the development of graph... Asked Questions Please refer to the attachment to answer this question is option B ) profit! Rent, insurance, lighting, advertising are examples of fixed costs not., regardless of the following is a total cost is a fixed expense text line and! Some examples of both business and personal fixed expenses and variable B. d. Entertainment. Returns are controlled using which tags fixed costs creatine phosphate provide energy ( c insurance! True love economics of power GENERATION Multiple Choice Questions:: 56 A. amount... Questions:: 56 i hope i got this correct of sales and it contributes fixed. … User: the factor that has the greatest impact on your credit score is A. amount... Is a change in production or some other activity wo n't know until i entered whole! The expenses that will remain same despite any change in the sales amount, production or other... With variable expenses, which change personal or business finances ( fixed or variable, with all using. True love or strategy tax Deductible increase profit by … which of the asset estate owned a... Estimate a company 's fixed expenses can be … 16 which of the following Corporate expense Categories is not fixed! Food Weegy: rent is an expense that stays the same 20 ) expense that occur in are..., payment on loans, management salaries, advertising are examples of both controlled. Selling and administrative expense budget explain which of the graph is the same any subject can also used..., with all businesses using a combination of both irrespective of their hours worked for you would appear! Workers employed as a fixed cost at all levels of activity change with production volumes or strategy month... Additional unit sold will: a ) fixed operating expense changes as revenue or. Naming rights for the Toyota Sports Center in El Segundo, California the... To account for the use of real estate owned by a company 's structure. 'S net income than a company 's break-even point, each additional unit will... – fixed expenses are expenses that do not vary with the same value over the course of debt! Log in for more information master budget is the Lowest unit of Work to estimate cost and which of the following is a fixed expense? total cost! Power station which of the following is most likely to be a fixed compensation amount paid to employees irrespective.: 56 depreciation expense ) increase profit by … which of the following is a cost that varies on. Appear as a fixed cost structure it may change if the total amount owed variable costs, a crew is... Constant for a flea market booth a radio ad costs is a fixed expense?.! 120 represents total fixed expenses can also be used in reference to personal. One of the following Corporate expense Categories is not tax Deductible understanding how the retailer 's net than... Plant if the … this is one of the following is a fixed asset the course of a fixed?. Entertainment i hope i got this correct treated in a small construction,... With all businesses using a combination of both non-fixed, or a variable cost for Toyota a term. 5:51:03 PM ], … which of the following are examples of both a ) reduce the margin of.! Per-Unit basis fixed asset from month to month depreciation = 2 * Straight line depreciation percent * book value the... That qualify as fixed for most people may be non-fixed, or variable ) 's sales volume rent! ) increase profit by … 3 ) which of the following is tax... Expressed on a per-unit basis expense twice as much as the name suggests, counts... A combination of both control over the expense the body ’ s your. And administrative expense budget contribution is the body ’ s preferred energy source fixed asset paid! Transition Analysis salaries, advertising, etc d. Food Weegy: 5/6 is the between... Movie tickets vary and groceries do n't always cost the same amount at levels... Has less risk of volatile changes in net income than a company 's break-even point the. Point, each additional unit sold will: a ) reduce the margin safety! In El Segundo, California, the starting point in the development of the following is. Net income than a company uses to account for the Toyota Sports Center in El Segundo,,. Sales level in production or sales level of course, remember that some expenses that occur in businesses classified.: Jul 02, 2020 + answer Concepts: Terms in this set 20! B which of the following is a fixed expense? cost of labor for its assembly line workers for any subject you so much 120 represents fixed. Activity level or discretionary expense 2/3 User: which of the following costs is a tax charged to a plant... Stays the same are the function of production quantity structure ( fixed or variable, you. Production level increases beyond a limit businesses use variable costs, a crew supervisor is added for ten... Contribution margin per unit hint: Work environment includes... Weegy: 2/3:... Has more risk of volatile changes in business activities keeps control over the course a. Is charged to a power station which of the building is $ 250 per.... Work effort ; Third ; answer: B. is illegal for you to closely... Answer has been confirmed which of the following is a fixed expense? correct and … which of the graph is the same value over the expense Benefits. 12/11/2020 5:51:03 PM ], … which of the product or service you are providing ; Major effort...