________ costs are a function of time, not sales, and are typically contractual.
A) Fixed
B) Semi-variable
C) Variable
D) Operating

Name: ________ costs are a function of time, not sales, and are typically contractual. A) Fixed B) Semi-variable C) Variable D) Operating
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Question

Quizplus · Accepted Answer

Fixed costs do not vary with sales volume; instead, they are constant and typically contractual. Fixed costs include expenses such as rent, salaries, and insurance premiums, which are paid regardless of the level of sales or production.

________ Costs Are a Function of Time, Not Sales, and Are