Advertisements
Advertisements
Question
Which of the following cost is time based?
Options
Fixed cost
Variable cost
Implicit cost
None of these
Advertisements
Solution
Fixed cost
Explanation:
Fixed costs frequently depend on time rather than the volume of goods or services your business produces or sells.
RELATED QUESTIONS
Write a short note on direct costs.
Distinguish between Fixed cost and Variable cost.
Indirect material scrap is adjusted along with ______.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Which definition best describes indirect costs?
What is opportunity cost?
Distinguish between shut down cost and sunk cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
Amount spent to purchase a machinery is the example of ______ cost.
Variable cost per unit increases when ______.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of fixed costs.
Explain with an example, the meaning of variable costs.
