[Solved] Fixed cost is known as -

McqMate

Q.	Fixed cost is known as -
A.	Special cost
B.	Direct cost
C.	Prime cost
D.	Overhead cost
Answer» D. Overhead cost
Explanation: Fixed costs are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such as salaries or rents being paid per month, and are often referred to as overhead costs. This is in contrast to variable costs, which are volume-related (and are paid per quantity produced).

927

0

Do you find this helpful?

10

View all MCQs in

Discussion

No comments yet

Related MCQs

If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm -
The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed:
As output increases, average fixed cost
Average Fixed Cost Curve is -
The fixed cost on such factors of production which are neither hired nor bought by the firm is called -
Which of the following is not a fixed cost?
Total fixed cost curve is -
If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?
If average cost falls, marginal cost -
When average cost production (AC) falls, marginal cost of production must be -