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In a case study, a company incurs $10,000 in rent for its factory. This cost is
In a case study, a company incurs $10,000 in rent for its factory. This cost is classified as:
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Practice Questions
1 question
Q1
In a case study, a company incurs $10,000 in rent for its factory. This cost is classified as:
Variable Cost
Fixed Cost
Direct Cost
Indirect Cost
Show Solution
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Rent for the factory is a fixed cost as it does not change with the level of production.
Questions & Step-by-step Solutions
1 item
Q
Q: In a case study, a company incurs $10,000 in rent for its factory. This cost is classified as:
Solution:
Rent for the factory is a fixed cost as it does not change with the level of production.
Steps: 4
Show Steps
Step 1: Understand the Cost - The company has a cost of $10,000 for rent.
Step 2: Identify the Type of Cost - Costs can be fixed or variable.
Step 3: Analyze the Rent Cost - Rent does not change with production levels.
Step 4: Conclusion - Rent for the factory is a fixed cost.
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