Asked by
Nolan Todas
on Oct 08, 2024
Verified
Which of the following is most likely to be a fixed cost?
A) Shipping charges.
B) Property insurance premiums.
C) Wages for unskilled labor.
D) Expenditures for raw materials.
Fixed Cost
A cost that does not change with the level of output or sales, such as rent, salaries, and insurance.
Insurance Premiums
The amount of money that an individual or business must pay for an insurance policy.
- Recognize and evaluate fixed and variable expenses in the short-term production process.
Verified Answer
MP
Learning Objectives
- Recognize and evaluate fixed and variable expenses in the short-term production process.