Which of the following is not considered a fixed expense?

Fixed costs are those which are fixed for the production period. 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 not a fixed expense?

Non-fixed expenses are variable expenses that can fluctuate from month-to-month. In this article, we will explore the various types of non-fixed expenses, and how to keep variable spending from breaking your budget. These expenses can be hard to manage because they include both your needs and your wants.

Which of the following is considered a fixed expense?

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

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

question. Answer: (c) Cost of raw materials is not an example of fixed cost.

What are 4 examples of fixed expenses?

Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Fixed and Variable Costs (Cost Accounting Tutorial #3)

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.

What are 5 fixed costs?

Common examples of fixed costs include rental lease or mortgage payments, salaries, insurance payments, property taxes, interest expenses, depreciation, and some utilities.

Which of the following would not be considered a fixed cost Mcq?

Cost of bottles used in the production of soft drinks is not a fixed cost. Fixed costs are normally agreed for a defined period of time and do not adjust at the pace of production. Rents, pension, property tax, wages, total depreciation, etc.

What are the 4 types of expenses?

Is rent a fixed expense?

Examples of fixed expenses include: Rent or mortgage payments. Car payments. Other loan payments.

What is a fixed variable expense?

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). TIP.

What are the 3 types of expenses?

There are three major types of expenses we all pay: fixed, variable, and periodic.

What are 5 examples of variable expenses?

Is rent a fixed or variable expense?

Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.

Which of the following is considered a variable expense?

The correct answer is option (b) Raw materials. Raw materials are treated as a variable expense because their cost changes depending on their availability and the amount of finished product produced.

Which of the following is most likely 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...

Which expense is a variable cost?

A variable cost is a recurring cost that changes in value according to the rise and fall of revenue and output level. Variable costs include credit card fees and shipping costs.

Which of the following expenses are not added the cost of fixed assets?

Solution(By Examveda Team)

Loss on sale of fixed assets will not appear in cost accounting.

Can electricity be fixed cost?

Utilities– the cost of electricity, gas, phones, trash and sewer services, etc. Some utilities, such as electricity, may increase when production goes up. However, utilities are generally considered fixed costs, since the company must pay a minimum amount regardless of its output.

Which one is fixed cost Mcq?

Fixed cost is a cost which do not change in total during a given period despite changes in output. 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.

What are some examples of fixed and variable costs?

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.

What is an example of a fixed cost quizlet?

Examples of fixed costs include straight-line depreciation, insurance, property taxes, rent, supervisory salaries, administrative salaries, and advertising. Unlike variable costs, fixed costs are not affected by changes in activity.

What are irregular expenses?

Irregular expenses are those bills that you only pay once per quarter, once per year, or on an as-needed basis. Because you seldom think about them, it's easy to forget about them until they're due—and you have to scramble to come up with the cash to pay them.

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.