Which of the following is an example of a fixed operating expense?

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.

Which of the following choices is an example of a fixed expense?

Typical fixed expenses include car payments, mortgage or rent payments, insurance premiums and real estate taxes. Typically, these expenses can't be easily changed.

What are 3 examples of fixed expenses in a business?

Fixed expenses are those expenses that stay the same regardless of your sales or business activity and can have a significant impact on your cash flow and budget. Expenses like rent or mortgage, insurance, salaries, and some utilities fall into the category of fixed expenses.

What are 5 fixed expenses?

Examples of Fixed Expenses

Rent or mortgage payments. Renter's insurance or homeowner's insurance. Cell phone service. Internet service.

Which is an example of a fixed expense quizlet?

A fixed variable expense is a cost that you pay every month, but the amount can change from month to month. (A good example of this is your electric bill. Your electric bill will be higher in the winter if you live in a colder climate and lower in the summer months.

List of Operating Expenses

What expenses are fixed?

The definition of fixed expenses is “any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis.

Which of the following is NOT example of fixed expenses?

Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.

Which of the following is are fixed costs?

In operations management and cost accounting, fixed costs are those costs that don't change with production or output levels. They includes expenses like rent and salaries.

Are operating expenses fixed or variable?

You might think that COGS is the same as “variable costs” – costs that vary with the volume of production – and that operating expenses are fixed costs. Materials, for example, are a variable cost: the more you produce, the more material you have to buy. And materials are included in COGS.

Which of the following is most likely to be a fixed cost?

Answer and Explanation: The correct answer is option d. property taxes. A fixed cost does not change with the production volume within a relevant range for a given period...

What are fixed and variable costs examples?

Fixed costs remain the same throughout a specific period. Variable costs can increase or decrease based on the output of the business. Examples of fixed costs include rent, taxes, and insurance. Examples of variable costs include credit card fees, direct labor, and commission.

Which of the following is not an example of fixed asset?

Together, current assets and current liabilities provide investors with a plan of a company's short-run liquidity. samples of current assets are money, money equivalents, assets, and inventory. Hence Royalty is not an example of fixed assets.

Which of the following is an example of fixed or standing charges?

To ascertain the operating cost, costs may be defined as standing charges or fixed charges and the running charges. In case of transport industry, salary of driver is considered as standing charges but the cost of fuel is an example of running charges.

What are fixed variable expenses?

Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or anything you buy from a store).

Is rent a fixed expense?

Definition of Fixed Expenses

Typical household fixed expenses are mortgage or rent payments, car payments, real estate taxes and insurance premiums. While you could theoretically change your monthly mortgage payment by refinancing your loan or by appealing your property tax assessment, this is not an easy switch.

Is transportation a fixed expense?

Travel expenses usually must be classed as variable costs. These expenses will rise and fall with the efforts you make to increase sales and build business relationships. Travel costs can vary widely each month.

Which one of the following is an example for fixed cost Mcq?

Solution(By Examveda Team)

An example of fixed cost rent for building. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold.

Which of the following is an example of a fixed asset?

What Are Examples of Fixed Assets? Fixed assets can include buildings, computer equipment, software, furniture, land, machinery, and vehicles.

What are the 3 types of fixed assets?

Fixed assets include property, plant, and equipment (PP&E) and are recorded on the balance sheet with that classification.

Which of the following is an example of fixed asset Mcq?

Live stock is an example of fixed asset. 14.

What are fixed monthly expenses?

What are 5 examples of variable expenses?

What are the fixed costs of production?

In economics, production costs involve a number of costs that include both fixed and variable costs. Fixed costs are costs that do not change when output changes. Examples include insurance, rent, normal profit, setup costs and depreciation. Another name for fixed costs is overhead.

Which of the following is the least likely to be fixed cost?

Answer and Explanation: The correct answer is option c. Cost of Commodity Inputs.

Which of the following statement is true about fixed cost?

The correct answer is option B. Fixed costs are constant in total, and variable costs are constant per unit.