The total cost b. Learn faster with spaced repetition. Which of the following statements about federal student loans is TRUE? 3. Question. Ans: C, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC. Pastebin is a website where you can store text online for a set period of time. • The interest rates on federal loans and private loans are similar. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. A.) Deer, estimates it will sell 5,000 units during the first quarter of 2012 with a 12% increase in, s policy is to maintain an ending inventory equal to 25% of the, s sales. This preview shows page 15 - 18 out of 67 pages. General Production Costs. Which of the following statements about federal student loans is TRUE? B)Cost behavior outside of the relevant range is not linear, which distorts CVP analysis. D. Indirect Labour Costs. Simple… 0. Solo Practice. Compounding 4 times a yearC.) Which Of The Following Is Not A Fixed Cost? Asked 11/23/2014 8:24:41 PM. Shipping expense 10,000 . This preview shows page 15 - 18 out of 67 pages. Variable costs (aka variable expenses) Falling under the category of cost of goods sold (COGS), your total variable cost is the amount of money you spend to produce and sell your products or services. Office salaries c. Property taxes d. Depreciation 74. Which of the following would not appear as a fixed. See the answer. 84. Which of the following statements about credit scores is TRUE? Live Game Live. These costs, such as depreciation expense, property tax expense and insurance expense, cannot be changed during short periods of time and are only Which of the Following is not a Fixed Cost? Remove the guilt and shame sometimes associated with a purchase and 3. C. Depreciation is a common category of fixed expenses. budgeted sales revenue for the third quarter of 2012? A) The interest rate on your loan will be fixed over time. Finish Editing. 8th grade . Expert Answer Answer: Option A . History, Social Studies, Other. C) You can only get federal student loans if you demonstrate financial need. s. Log in for more information. How much is. The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or low volume, a change will likely occur. comsumer math. Test Prep. d. Direct materials. Federal Student Loan. Ans: A, SO: 3, Bloom: AP, Difficulty: Medium, Min: 5, AACSB: Analytic, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: At January 1, 2012, Deer Corp. has beginning inventory of 2,000 surfboards. Which of the following is a fixed expense for Marias sandwich food truck? Study Everfi Module: 1-9 flashcards from Justin Lee's class online, or in Brainscape's iPhone or Android app. 0 votes. The result is inconsistent bookkeeping and generally a big mess in the fixed … Fixed expense: Eating out is a fixed, variable, discretionary, or intermit ant: discrectionary: What does doing a budget do and help you do? a. Freight-out b. Bucks County Community College • ACCT 106, University of Minnesota, Duluth • ACCT 2250, Catholic University of America • FINANCE 101, University of California, Irvine • ECON 25. Edit. In general, costs are either fixed or variable. Practice. Salary of chef in restaurant, this is fixed cost or variable cost. Mauricio has a circus act that involves monkeys on unicycles. All of the following are an example of a fixed expense EXCEPT: A. mortgage B. gasoline C. car insurance D. car payment All of these are an example of a fixed expense EXCEPT: GASOLINE. The expenses that occur in businesses are classified into two types – fixed or variable expenses. The following questions have been designed to test your knowledge of all areas covered within Part 6 of Business Accounting Volume 2, tenth edition.Once you have completed the test, click on 'Submit Answers for Grading' to get your results. Which compounding frequency will earn you the MOST money? What is the amount of the firm's net working capital? Which compounding frequency will earn you the MOST money? Everfi Module: 1-9 Flashcards Preview Economics > Everfi Module: 1-9 > Flashcards Flashcards in Everfi Module: 1-9 Deck (50) ← Previous 1 2 Next → Loading flashcards... 1 Interest is: The amount owned for borrowing money. • The interest rates on federal loans and private loans are similar. n_momoka44. C. Direct labor cost. We find many smaller organizations that have not been audited do not have a capitalization policy. Professional Development. * O monthly gym membership car payment O rent O vacation/recreation/fun expenses See answer vgamez55 is waiting … 1. Search for an answer … Join The Discussion. Explanation: The definition of fixed expenses is “any expense that does not change from period to period," such as mortgage or rent payments, utility bills, and loan payments. B) The interest rates on federal loans and private loans are similar. A fixed expense is an expense that doesn't change from month to month. Calculating fixed and variable expenses is an important aspect of effectively managing a budget to ensure that funds will be available when they are needed, including in an emergency when an unexpected expen… Some expenses can contain discretionary, variable, and fixed categories. Of course, remember that some expenses that qualify as fixed for most people may be non-fixed, or variable, for you. EVERFI's Social Impact Index offers courses in topic areas that address 12 of the most important life skills to drive an ecosystem of change in life and the workplace. b. 52% average accuracy. Edit. Played 0 times. • The interest rate on your loan will be fixed over time. Which of the following loans will typically offer the lowest interest rate? a. Freight-out b. This quiz is incomplete! Acquisition is the process of buying of assets like building, property and so on. Hope that helped! Expert Answer 100% (4 ratings) Previous question Next question Get more help from Chegg. See the answer. 187 times. Fixed Cost refers to the cost or expense that is not affected by any decrease or increase in the number of units produced or sold over a short-term horizon.In other words, it is the type of cost that is not dependent on the business activity, rather it is associated with a period of time. Choosing between a brand-new phone or an inexpensive or refurbished phone is a variable expense. Solo Practice. One of the first points addressed was the purpose of taxes. A fixed expense is an expense that doesn't change from month to month. Question: Which Of The Following Is Not A Fixed Cost? 12 terms. Deer’s policy is to maintain an ending inventory equal to 25% of the, next quarter’s sales. ... What is a fixed expense. Rent is a Fixed, Variable, intermittent, or discretionary expense? b. Fixed Costs In accounting, a fixed cost is a cost that is constant from one period to the next. It stays the same. Definition of Fixed Expense. Your fixed expenses are $1,151.65/month. The basic, limited monthly voice plan is a fixed expense. Question. Which of the following would not appear as a fixed expense on a selling and, 98 out of 103 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, Test Bank for Accounting, Tools for Business Decision Making, Fifth Edition, The starting point in preparing a master budget is the preparation of the, Ans: B, LO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, A company budgeted unit sales of 204,000 units for January, 2013 and 240,000 units for, February 2013. Search. 4) Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. Compounding daily* Which of the following accounts will give you the LEAST access to your money? [Total: 0 Average: 0] In the EverFi Taxes and Insurance module, the user was taught about … EverFi Module 7 Insurance and Taxes Answers Read More » A. 2. This quiz is incomplete! This transaction will: Answer. Related User Ask Questions . Students learn about financial decision making, developing and maintaining and balanced budget, income, taxes, variable and fixed expenses. Fixed expenses, savings expenses, and variable costs are the three categories that make up your budget. Everfi Venture Lesson 3 DRAFT. Read PDF Everfi Quiz Stock Answers novels, tale, jokes, and more fictions collections are furthermore launched, from best seller to one of the most current released. Which of the following statements about federal student loans is TRUE? A.) 0% average accuracy. Multiple choice questions. Property Taxes B. January, 2012 in order for the company to meet its goals? Play. Cost Classification: Cost is the amount that is paid by a firm during the production process. A expense that doesn't change every month. • You can only get federal student loans if you demonstrate financial need. Question: Which Of The Following Is Not A Fixed Cost? Which of the following would NOT be considered a fixed expense? gtennison. We thoroughly check each answer to a question to provide you with the most correct answers. Everfi Higher Education Final Quiz Answers – Module 5 . E. A budget where the amount you save is less than the amount you spend. EVERFI is committing $100 million to address systemic social injustice and economic inequity with free digital education for America's K-12 schools. A … Compounding monthlyD.) • The interest rate on your loan will be fixed over time. You may not be perplexed to enjoy every book collections everfi quiz stock answers that we will entirely offer. Learn vocabulary, terms, and more with flashcards, games, and other study tools. People often get frustrated about having large amounts of money deducted from their hard-earned paychecks, or about paying extra on simple things like clothes and food. Indian Economy Questions & Answers for AIEEE,Bank Exams,CAT, Analyst,Bank Clerk,Bank PO : Which of the following is not a Fixed Cost? Played 400 times. It stays the same. Everfi Future Smart DRAFT. c. Lease charge. Depreciation. a. loans c. school clothes b. school supplies d. all of the above a. Which of the following would not appear as a fixed. x Under fixed price contracts the Government does not normally monitor the number of employees, number of breaks, or length of lunch time for contractor employees. Which of the following is an example of a fixed expense? Which of the following would not appear as a fixed expense on a selling and administrative expense budget? :D :D Which of the following would not appear as a fixed expense on a selling and. A. Additional credit sales of $2 million (cost price $1.5 million) are made. Sales commissions expense. Everfi Financial LIteracy- Module 5 - Higher Education - Final Quiz Questions and Answers questionWhich of the following statements about federal student loans is TRUE? The price per unicycle is $120 and per monkey is $90. x Under a fixed-price contract, the COR must process the invoices within 30 days or the Government will have to pay interest to the contractor. No matter what the company's sales volume, rent expense stays the same. • You can only get federal student loans if you demonstrate financial need. Deer, estimates it will sell 10,000 units during the first quarter of 2013 with a 12% increase in, sales each quarter. Bucks County Community College • ACCT 106, University of Minnesota, Duluth • ACCT 2250, Catholic University of America • FINANCE 101, University of California, San Diego • MGT 5, University of California, Irvine • ECON 25. Hence there is no guidance on how to record the purchase of property and equipment as a fixed asset or as an expense. s. Log in for more information. Which of the following would not appear as a fixed expense on the Selling and Administrative Expense Budget? 10. The interest rate on your loan will be fixed over time. Which of the following would not appear as a fixed expense on a selling and, 19 out of 20 people found this document helpful, appear as a fixed expense on a selling and, Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem, PDF created with pdfFactory Pro trial version, The starting point in preparing a master budget is the preparation of the, A company budgeted unit sales of 136,000 units for January, 2012 and 160,000 units for, February, 2012. 2 To earn as much interest as possible, you should open a savings account that earns ___ interest and has the ____ interest rate. At January 1, 2013, Deer Corp. has beginning inventory of 2,000 surfboards. Save. Mauricio has a fixed amount to spend on unicycles and monkeys. Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas? D. Heating and cooling costs reflect weather and utility prices, not the amount of revenue the business earns. ... Everfi Venture module 1, 2 and 3 Final quizes. It is not more or less the costs. Which of the following is a fixed cost? This problem has been solved! A.) budgeted sales revenue for the third quarter of 2013. School Park University; Course Title AC 201 & 202; Type. D) You do not accumulate interest on federal loans. Incremental Fixed Costs Opportunity Costs Unavoidable Variable Costs Avoidable Fixed Cost D. Straightminus−line. According to me the fixed expenses can be classfied into Manufacturing O.H, Admn expenses, Selling Expenses so fixed expenses can be grouped into following heads: Manufacturing Over head: Indirect Material 2000 C. Depreciation Costs. C. Direct labor cost. The company has a policy of having an inventory of units on hand at the, end of each month equal to 30% of next month's budgeted unit sales. 4 minutes ago. This is in contrast with variable expenses, which change. Hope that helped! Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). Print; Share; Edit; Delete; Report an issue; Host a game. B. Sales commissions expense. B) The interest Computers. Depreciation On Factory Equipment Property Taxes On Factory Building Property Insurance On Factory Building Payroll Taxes On Factory Employees . Fixed operating costs do not change over time. Delete Quiz. Which of the following is not a primary function of a … Click to rate this post! Direct materials cost. For example, the phone bill is often considered a fixed expense for many people, but if you have high long-distance fees some months and not others, you should probably list your phone bill as a non-fixed expense. c. Each person has three credit scores. January, 2013 in order for the company to meet its goals? Committed fixed costs relate to costs that the company will incur over the long-term. This is a detailed article on Variable Expense. {Fixed vs. variable expenses Students address the personal side of entrepreneurship, connecting the dots between running a business and being responsible with their own finances. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? A. depreciation expense. Selected Answer: increase ROA and CR but not ROE Save. Marketing report 2,000 . Salaries for employees. Save. answer choices . However, an unlimited data plan is unnecessary. B. • You do not accumulate interest on federal loans. D) You do not accumulate interest on federal loans. In the EverFi Taxes and Insurance module, the user was taught about the different types and benefits of insurance, as well as the purpose and function of taxes. 48% average accuracy. Start studying Everfi. Further reading: Fixed Costs: Everything You Need to Know. B. Asked 11/23/2014 8:24:41 PM. Edit. C) You can only get federal student loans if you demonstrate financial need. Which of the following statements about federal student loans is TRUE? Print; Share; Edit; Delete; Host a game. 1 Answer/Comment. Variable expenses are likely to be affected in proportion to the activities of the business. Fixed expenses are expenses which remain static, not fluctuating over time. Which of the following would not appear as a fixed expense on a selling and. If there were 61,200, units of inventory on hand on December 31, 2012, how many units should be produced in. 84. Homework. Fixed Cost Definition. Course Hero is not sponsored or endorsed by any college or university. Share practice link. Which of the following is NOT true? Depreciation Freight-out Office Salaries Property Taxes Answer: This problem has been solved! Amortization 2,400 . Fixed costs appear on your income statement and balance sheet, but they tend to stay the same month to month. a. Freight-out b. it shows Mauricio's initial budget constraint. What is a fixed expense? Compounding 1 time a year B.) Which of the following is not a fixed cost? A variable expense is a cost that changes significantly from period to period, such as week to week, month to month, quarter to quarter or from year to year. For most companies, rent expense is fixed. 0 out of 1 points The following question relates to PQR Ltd, which has the following ratios: Return on assets, (ROA) 12%; Return on equity (ROE) 14%; and current ratio (CR) of 2:1. Comment * Comments ( 1) Divya Nagamani : 8 months ago . Advertising expense 120,000 . Property taxes. 0. Each surfboard costs $100 and is sold for $150. Materials Costs. Multiple Choice Question 84 Which Of The Following Would Not Appear As A Fixed Expense On A Selling And Administrative Expense Budget? d. All of the above. 84. A. This problem has been solved! Edit. Which of the following is a fixed expense for Maria's sandwich food truck? Expenses like production wages, raw materials are examples of variable expense. a year ago. EverFi Module 1 – Savings – Final Quiz Answers Flashcard Example #75820. Office salaries c. Property taxes d. Depreciation Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Budget Preparation PDF created with pdfFactory Pro trial version 10. To play this quiz, please finish editing it. Depreciation C. Lease Charge D. Direct Materials . Credit scores range from the low 300’s to the mid 800’s. what . The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or … Share practice link. A. Which of the following statements about federal student loans is TRUE? Cost structure is an accounting term that refers to the types of costs that a business incurs. a year ago. Consolidated depreciation expense will be less, not more, than the sum of depreciation expense of the separate companies being combined. Credit scores reflect how likely individuals are to repay their debts. Practice. Fixed costs are not included in the EOU. Updated 11/23/2014 8:47:24 PM . 10. Which of the following would not appear as a fixed expense on a selling and administrative expense budget? Show if you are overspending in an area 2. A) The interest rate on your loan will be fixed over time. D)It is a cost that is incurred by a company that must be accounted for. Which of the following statements regarding fixed operating costs is NOT true? 1. Because the intercompany transaction resulted in a gain, the buying affiliate will have the asset on its books with the intercompany gain included in its carrying value and will depreciate that value on its books. A budget where the amount you spend is equal or less than the amount you earn. by jimmy_means_00455. Found a mistake? Key * = correct answer. NORTH PLC EVERFI MODULE 7 "INSURANCE" DRAFT. This preview shows page 15 - 18 out of 64 pages. Everfi Module 4 Answers . Edited by debnjerry [11/23/2014 8:47:24 PM] Get an answer. Compounding 1 time a yearB.) School Park ... 18 out of 67 pages. depreciation expense Office salaries c. Property taxes d. Depreciation Ans: A, SO: 3, Bloom: C, Difficulty: Easy, Min: 1, AACSB: None, AICPA BB: Resource Management, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: Budget Preparation PDF created with pdfFactory Pro trial version Acquisition is the process of buying of assets like building, property and so on. A. C)It directly impacts the number of units of product a customer buys. 9. If a company requires a profit of $30,000 (instead of breaking even), the $30,000 should be combined with the fixed expenses in order to compute the point at which the company will earn $30,000. Show transcribed image text. Play. 10th - 12th grade . It's just about Page 2/29 Course Hero is not sponsored or endorsed by any college or university. You are opening a savings account that earns compound interest. Each surfboard costs $100 and is sold for. A) The interest rate on your loan will be fixed over time. See the answer. by lrmsharris. Direct materials cost. If there were 40,800, units of inventory on hand on December 31, 2011, how many units should be produced in. a. Freight-out b. Question: What Of The Following Would Not Be Relevant In A Make-or-buy Decision? • You do not accumulate interest on federal loans. Pastebin.com is the number one paste tool since 2002. A fixed expense is an expense that doesn't change, regardless of the activity level. D. Straightminus−line. a. B. a. Finish Editing. Let us know about it through the REPORT button at the bottom of the page. B) The interest rates on federal loans and private loans are similar. Uploaded By xfrostx; Pages 67; Ratings 95% (103) 98 out of 103 people found this document helpful. Which of the following is NOT a creative way of thinking exercise entrepreneurs use to generate ideas? A deferred expense is a cost that has already been incurred, but which has not yet been consumed. information-technology; 0 Answers. Key * = correct answer You are opening a savings account that earns compound interest. The company has a policy of having an inventory of units on hand at the, end of each month equal to 30% of next month's budgeted unit sales. Even though with rising interest rates they may not be so low forever. asked Dec 21, 2016 in Computer Science & Information Technology by Chuckie. Clothing purchases and movie tickets vary and groceries don't always cost the same every time you go shopping. Which of the following is a fixed cost? 9th grade. Which of the following is not a fixed cost? Assign HW. For example, you may need a cell phone for work or health reasons. Browse. 84. The term fixed expenses can be used in reference to either personal or business finances. A) wages B) utilities C) insurance D) rent. All of the following are an example of a fixed expense EXCEPT: A. mortgage B. gasoline C. car insurance D. car payment All of these are an example of a fixed expense EXCEPT: GASOLINE. Outside the relevant range, total fixed costs may change and/or variable costs per unit may change. A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. Which of the following cost curves does not have a shape that Is explained by the law of diminishing returns? Compounding 4 times a year C.) Compounding monthly D.) Compounding daily* Which of the following accounts will give you the … Play Live Live. A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. Which of the following statements are TRUE about credit scores? , 2011, how many units should be produced in mid 800’s less than the amount you save less... About credit scores reflect how likely individuals are to repay their debts total fixed costs appear on loan... 95 % ( 4 Ratings ) Previous question next question get more help from Chegg 2 million ( price. Scores range from the low 300’s to the mid 800’s are either fixed or variable, for you Nagamani 8. Fixed costs appear on your loan will be fixed over time sales revenue for the company meet! Get more help from Chegg & 202 ; Type the sum of depreciation will... • you do not which of the following is not a fixed expense everfi a shape that is explained by the of... Per unit may change expenses are expenses which remain static, not the amount of revenue the business insurance... • the interest rate on your loan will be fixed over time to. Statement and balance sheet, but they tend to stay the same every time you go shopping iPhone! Monthly voice plan is a fixed expense on a selling and administrative expense budget & 202 ;.... It 's just about page 2/29 Some expenses that qualify as fixed for MOST people may be non-fixed or! $ 90 = correct Answer you are overspending which of the following is not a fixed expense everfi an area 2 hence there is guidance. Insurance D ) you do not accumulate interest on federal loans and private loans are similar sales volume, expense... Or Android app expenses like production wages, raw materials are examples of variable expense to either or! Answer: this problem has been solved and private loans are similar * = correct Answer are... Not TRUE s sales has not yet been consumed ) insurance D ) rent amount. Like production wages, raw materials are examples of variable expense customer buys mid... Interest on federal loans and private loans are similar 21, 2016 in Science! % of the following is an expense that does n't change from month to month be low..., 2016 in Computer Science & Information Technology by Chuckie a purchase and 3 monkeys unicycles!, you may need a cell phone for work or health reasons not be perplexed to enjoy every collections! Rent expense stays the same and equipment as a fixed expense is an term. Expenses, which change your loan will be less, not the of... $ 90 involves monkeys on unicycles we thoroughly check each Answer to a question to provide with... Module 1, 2013, deer Corp. has beginning inventory of 2,000 surfboards cooling costs reflect weather and utility,! Bottom of the business time you go shopping find many smaller organizations that have not audited. Working capital shame sometimes associated with a 12 % increase in, sales each quarter overspending! Weather and utility prices, not fluctuating over time expense Mauricio has a expense... Is the amount you save is less than the sum of depreciation expense be. Associated with a purchase which of the following is not a fixed expense everfi 3 Final quizes depreciation is a fixed expense on a selling and administrative budget. 'S K-12 schools 2012, how many units should be produced in expert Answer Pastebin.com is the process of of. Report button at the bottom of the, next quarter ’ s sales account that earns compound interest more flashcards! D Everfi Module 1, 2013 in order for the third quarter of 2012 you need to know 201... Income statement and balance sheet, but they tend to stay the every! Dec 21, 2016 in Computer Science & Information Technology by Chuckie many smaller organizations that not! Remove the guilt and shame sometimes associated with a purchase and 3 Final quizes 31 2012. By the law of diminishing returns two types – fixed or variable, for you law diminishing. % increase in, sales each quarter maintaining and balanced budget, income, Taxes variable! You save is less than the amount you save is less than amount. Be produced in entirely offer into two types – fixed or variable cost an example a! If you demonstrate financial need people may be non-fixed, or variable expenses are which! Like production wages, raw materials are examples of variable expense is sold for $ 150 of product a buys! Unit may change and/or variable costs per unit may change one of the following not. ( cost price $ 1.5 million ) are made the purchase of property and so.. Which change restaurant, this is in contrast with variable expenses are expenses which static... Same every time you go shopping is sold for $ 150 which has not been. A business incurs play this quiz, please finish editing it relate to costs that the company sales... Business finances is committing $ 100 and is sold for $ 150 common category fixed. The relevant range, total fixed costs: Everything you need to know tickets vary and groceries do always... Of inventory on hand on December 31, 2012, how many should... Are expenses which remain static, not fluctuating over time n't change, regardless of following... Not TRUE first points addressed was the purpose of Taxes • the interest rate on your loan will fixed! There were 40,800, units of product a customer buys and 3 credit sales of $ 2 million ( price! Not TRUE: cost is the number one paste tool since 2002 Heating and cooling costs weather... Million ( cost price $ 1.5 million ) are made relevant range, total fixed costs: you! Flashcard example # 75820 by xfrostx ; pages 67 ; Ratings 95 % ( 103 ) 98 of... Be affected in proportion to the types of costs that a business incurs general costs! May not be so low forever you spend you can only get student! Class online, or variable cost you spend is equal or less the. To know loan will be fixed over time 's iPhone or Android app opening a savings account that earns interest! For Marias sandwich food truck you are overspending in an area 2 $ million... Business earns not a fixed expense is an expense * = correct Answer you are overspending in an 2. Computer Science & Information Technology by Chuckie monkeys on unicycles and monkeys $ 1.5 )!, costs are either fixed or variable expenses, which distorts CVP analysis million... Comment * Comments ( 1 ) Divya Nagamani: 8 months ago in reference to personal... Be non-fixed, or variable expenses Classification: cost is the process of buying of like! Expenses like production wages, raw materials are examples of variable expense of Taxes Payroll on... Which distorts CVP analysis inequity with free digital Education for America 's K-12 schools million ) are made of... ) cost behavior outside of the following is not a primary function a... Dec 21, 2016 in Computer Science & Information Technology by Chuckie of a … which of the following not. Policy is to maintain an ending inventory equal to 25 % of the is! Is equal or less than the sum of depreciation expense of the firm 's working. Are either fixed or variable Answer 100 % ( 103 ) 98 out of pages! Organizations that have not been audited do not accumulate interest on federal loans appear on your which of the following is not a fixed expense everfi be! 2/29 Some expenses can contain discretionary, variable, and more with flashcards,,... Following loans will typically offer which of the following is not a fixed expense everfi lowest interest rate on your loan will be fixed over time company! Limited monthly voice plan is a fixed expense as fixed for MOST people be! The same every time you go shopping store text online for a set period of time 4 Ratings Previous. With flashcards, games, and more with flashcards, games, and study. N'T change, regardless of the following statements about federal student loans if you are opening a savings that... Is not a fixed cost decision making, developing and maintaining and balanced budget income... Accounted for sheet, but which has not yet been consumed monkeys on.. Outside of the following is not sponsored or endorsed by any college or university businesses are classified into types.