Question

In: Economics

Which of the following falls outside of the classification ofbusiness expenses that fall into the...

Which of the following falls outside of the classification of business expenses that fall into the category of fixed costs?

a. Costs that must be made before production starts

b. Costs that vary according to specific line of business

c. Costs incurred in the act of producing

d. Costs incurred as advertising expenses

Solutions

Expert Solution

 

costs incurred in the act of producing

fixed cost is defined as the economic costs for inputs that remain fixed at all quantities of output

c is the right option

 

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Use the following classification to determine which category each of the following goods falls into.   ...
Use the following classification to determine which category each of the following goods falls into.    GoodsPrivate GoodClub GoodCommon ResourcePublic Good Snow plowing of public streets immediately after a heavy snowfall Local street lighting Museums that require admission fees Congested city streets Flu vaccine
Use the following classification to determine which category each of the following goods falls into.   ...
Use the following classification to determine which category each of the following goods falls into.    GoodsPrivate GoodClub GoodCommon ResourcePublic Good Snow plowing of public streets immediately after a heavy snowfall Local street lighting Museums that require admission fees Congested city streets Flu vaccine
Question # 4 — CLASSIFICATION OF COSTS AND EXPENSES Instructions: Classify the following manufacturing costs and...
Question # 4 — CLASSIFICATION OF COSTS AND EXPENSES Instructions: Classify the following manufacturing costs and expenses by using the following code letters: A. Direct materials cost B. Direct labor cost C. Manufacturing overhead cost D. Period cost Abel Manufacturing Company incurs the following costs and expenses in making furniture: __ 1. Lubricants, rosin, and polishing compounds used in manufacturing __ 2. Oak and pine wood used in desks and chairs __ 3. Insurance on factory building __ 4. Advertising...
You are outside counsel to the Marcus Welby Healthcare Corporation (MWHC), which is concerned that expenses...
You are outside counsel to the Marcus Welby Healthcare Corporation (MWHC), which is concerned that expenses in some of its ancillary departments are causing it to lose money under Medicare and HMO insurance. It would like to start charging its hospital-based physicians for some of the costs of running their departments. Its current relationship with these physicians is one in which they have exclusive contracts to work in these departments, but no money changes hands between them. The hospital handles...
explain the difference between classification of expenses by nature and by function.
explain the difference between classification of expenses by nature and by function.
economist suggest that a market can fall if? (b) if the price of a good falls...
economist suggest that a market can fall if? (b) if the price of a good falls by 10% and the percentage decrease in total amount consumer spend on the good is 5%, then the good is (c) A firm that has a branded produced is (d) an industry in which there are just a few large firms is lukely to be characterized by (e) if the percentage change in price 10% and percentage in quantity supplied is 5% then the...
Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable...
Classify the following expenses incurred by a fertilizer business according to cost classification (fixed cost, variable cost, mixed cost, direct material, direct labour, overhead cost and period cost) i. Salaries of production workers ii. Salaries of factory’s manager iii. Commission of salesperson iv.Depreciation of machinery in plant v. Depreciation of office equipment vi. Chemical used in the production vii. Delivery expenses viii. Indirect materials
Which of the following is the cost of quality classification for costs, such as scrap or...
Which of the following is the cost of quality classification for costs, such as scrap or rework, that occur before a product is shipped to a customer? Group of answer choices A) Appraisal costs B) Prevention costs C) External failure costs D) Internal failure costs E) Rework and wastage PreviousNext
The air pressure in a tire sitting outside is 30 psi on a nice fall day...
The air pressure in a tire sitting outside is 30 psi on a nice fall day when the temperature is about 80 F. (Assuming that the density of the air inside the tire does not change with temperature and that the air may be treated as an ideal gas), what would the tire pressure be: A) At 32 F? B) At 100 F? If the recommended tire pressure is between 28 and 32 psi, do you need to do anything...
A number of artworks that we studied in this chapter seem to fall outside strict definitions...
A number of artworks that we studied in this chapter seem to fall outside strict definitions of art, in particular tattooing. The boundary between art and fashion is hard to determine. In many cultures, scarification and tattooing are practiced as ritual empowerment as well as decoration. What do you think are the most powerful ways in which individuals use their bodies to express themselves visually in your world today? Does art aid in keeping this in balance?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT