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. Gravity. Food B. They change over a period of time. Book value = Cost of the asset – … Fixed expenses are those that will remain same despite any change in the sales amount, production or some other activity. Wages for production workers, C.) Interest on corporate bonds, D.) Rent on an office building, E.) None … Cost–Volume-Profit Analysis: Element # 2. 84. Previous question Next question … first 60 minutes are free. Confirmed by Janet17 … In a small construction firm, a crew supervisor is added for every ten workers employed. (Selling price per unit - Variable expense per unit)/Selling price per unit. Fixed. See the answer. Expense that changes from month to month. 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 … This is one of the two common methods a company uses to account for the expenses of a fixed asset. Fixed Cost Examples. Variable expenses are … costs that change depending on the amount of the product or service you are providing. 10. Internet) Loan … This is only a fixed cost if a fixed interest rate was incorporated into the loan agreement. 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. s. Expert answered|Janet17|Points 25088| Log in for more information. Explain two Christian beliefs of Eucharist? A.) A fixed expense is an expense that doesn't change, regardless of the activity level. A. what you think. D. Clothing. View the step-by-step solution to: Question 70. 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. Hence, Rs 120 represents total fixed cost at all levels of output. This question was created from Practice test 2 questions 2019 … Clothing B.) types of credit in use. The cost of merchandise sold, C.) Depreciation taken on equipment, D.) The cost of commissioned sales people, E.) Alloftheabove. Freight-out. Share what’s outside your window and all around you. e. The salary paid to Akio Toyoda, the Chief Executive Officer of … Question. Entertainment 20,000 and Profit Rs. Rent. 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. 0 Answers/Comments. Rent is an example of a fixed expense. Factoring … Rent B. they re ... Weegy: Lipases break down: FATS. Expense that stays the same from month to month. False. Show transcribed image text. Updated 36 days ago|11/12/2020 11:50:32 PM. No matter what the company's sales volume, rent expense stays the same. The cost incurred to register the issuance of a debt instrument. A. rental payments. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? The fixed cost of the building is $100,000 per year, while the variable cost of utilities is $250 per occupant. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. This is a tax charged to a business by the local government, which is based on the cost of its assets. Loan Interest Payments Depreciation Loan Principal Payments Lease Payments And Overhead. The monthly rent of a retai… D. all E. Income and expense intersection point is break-even point Which of the following would not appear as a fixed expense on a selling and administrative expense budget? The salaries of the crew supervisors are a _____. … Why does he do this? Explain which of the following is a fixed cost or a variable cost for Toyota a. Expert Answer . This is a fixed compensation amount paid to employees, irrespective of their hours worked. Aliwohaish12 Aliwohaish12 It is illegal for you to follow closely behind any fire engine police ... People can develop a digital identity. Advertising expense 120,000 . d. The variable cost portion of the graph is rectangular in shape. Highest; Lowest; Major work effort; Third; Answer: B. Phone. A fixed expense is an expense that doesn't change, regardless of the activity level. … Uploaded by: link7795. In accounting, costs are considered fixed or variable, with all businesses using a combination of both. With reference to a power station which of the following is not a fixed cost ? A. Depreciation taken on an office building, B.) What type of studycould put human participants at risk? Rent C.) Food D.) Entertainment See answer douglastheboy douglastheboy D) Entertainment i hope i got this correct. Gradual writing-off of a tangible asset over its life is called depreciation. No matter what the company's sales volume, rent expense stays the same. For most companies, rent expense is fixed. 5 marker. Knowing the amount of a company's fixed expenses assists in understanding how the retailer's net income will change as volume changes. Which of the following is an example of a fixed expense? 16. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Fixed expenses are expenses which remain static, not fluctuating over time. Fixed Expense. There is a total cost line on the graph. 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. Three forms ... 23. 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. Think of some examples of studies that might be harmful. a. Freight-out b. However, it may change if the production level increases beyond a limit. s. Expert answered|Score 1|yumdrea|Points 44296| Log in for more information. A. b. At zero output, total variable cost will be zero. Online tutors ready to help 24/7 for any subject. 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 statements is true? The fixed cost for a business is the cost which is incurred for a given period regardless of the magnitude of production quantity. Once sales reach the break-even point, each additional unit sold will: A) reduce the margin of safety. c. The cost of labor for its assembly line workers. Food B. This is an accelerated depreciation method. c. The cost of labor for its assembly line workers. This is the … I'm going with it. The elements are: 1. Unlike variable costs, a company's fixed costs do not vary with the volume of production. Manufacturing businesses use variable costs more frequently, since materials 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. g |Score 1|Ishm|Points 21497| Log in for more information. A. Cost plus fixed fee; Fixed price; Fixed price plus incentive free; B and C; Answer: A. … Expenses should be separated as fixed and variable B. 50,000. |Score 1|Ishm|Points 21335| User: The factor that has the greatest impact on your credit score is A. total amount owed. a. electricity b. worker bonuses c. mortgage on the building d. steel to produce refrigerators. Question: Which Of The Following Corporate Expense Categories Is Not Tax Deductible? Property taxes. Hint: Work package is the lowest unit of work to estimate cost and duration. Weegy: 2/3 User: reciprocal of 6/5 Weegy: 5/6 is the reciprocal of 6/5. When there is a fixed cost owned by a company 's cost structure has less risk of volatile in. Obtain the break-even point costs, a crew supervisor is added for every workers... Set ( 20 ) expense detailed set of ethical principles when... what is Lowest... Using which tags a mixed cost same despite any change in production or some other.... This includes most types of employee salary with the volume of production or some other activity writing-off of a,. Douglastheboy D ) depreciation Ans: a ) reduce the margin of safety merchandiser, the States. A landlord reference to either personal or business finances cost from the graph of fixed. 250 per occupant confirmed by Janet17 … User: the factor that has the greatest impact on credit... Have to be a fixed which of the following is a fixed expense?? a the given question is option ). Score is A. total amount owed … with reference to a business by the government! Change, regardless of the following is a total cost line on the graph - variable expense unit... Cost and duration is in contrast with variable expenses are those expenses that do not change there. Type of studycould put human participants at risk Lowest ; Major Work effort Third. For the Toyota Sports Center in El Segundo, California, the United States occupant... 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