Which of the following statements is true when referring to fixed costs quizlet?

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Which of the following statement is true when referring to fixed costs?
What is true about fixed costs?
Which of the following statements is true about fixed and variable costs quizlet?
Which of the following describes a fixed cost?

Manufacturing Overhead
(2) 4,000 (7) 150,000
(3) 15,000
(4) 80,000
(5) 30,000
(6) 25,000
154,000 150,000
Bal. 4,000

Entry (4) could represent which of the following except?

Multiple Choice
Indirect labor cost incurred.
Factory insurance cost.
Overhead cost applied to Work in Process.
Depreciation on factory equipment.

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Which of the following statement is true when referring to fixed costs?

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

What is true about fixed costs?

Fixed costs are costs that are independent of volume. Fixed costs tend to be costs that are based on time rather than the quantity produced or sold by your business. Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Which of the following statements is true about fixed and variable costs quizlet?

Which of the following statements is TRUE regarding fixed and variable costs? Fixed costs are fixed in total, and variable costs are fixed per unit.

Which of the following describes a fixed cost?

Fixed costs include any number of expenses, including rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.