Question: State true or false with explaination The most likely to be a fixed cost for the manufacturing of a car will be Factory Rent while

State true or false with explaination

The most likely to be a fixed cost for the manufacturing of a car will be Factory Rent while costs related to Tyres, Contract Labour Wages and Electricity Costs will be a variable cost?

Rent paid on a rented property taken by a firm is an example of variable cost as it changes every year as per the terms and conditions of the contract?

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