Which of the following is an example of a variable cost? a. Insurance premium for fire insurance
Question:
a. Insurance premium for fire insurance on the factory building
b. The salary of the company president
c. Wood used to make custom tables
d. Rent for use of a storage warehouse
e. Depreciation on the factory building
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The correct answer is C a FALSE An insurance premium is a fixed cost because the cost does not var...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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