Some costs cannot be varied within a given time period.These costs are called
A)overheads.
B)total costs.
C)fixed costs.
D)variable costs.

Question

Quizplus · Accepted Answer

Fixed costs are costs that do not vary with changes in production or sales levels within a certain time period. Examples include rent, salaries, and insurance. Overheads and total costs can include both fixed and variable costs, and variable costs are costs that do change with changes in production or sales levels.

Some Costs Cannot Be Varied Within a Given Time Period