which of the following is most likely to a variable cost for a business firm?

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    Labor and raw materials costs are most likely variable costs in the short run.

    which of the following is most likely to a variable cost for a business firm - Related Questions

    Which of the following is most likely to be a fixed cost for a business?

    In the business world, property tax is regarded as a fixed expense.

    Which of the following is an example of a variable cost?

    Sales commissions, direct labor costs, the cost of raw materials used in production, and utility costs are all examples of variable costs.

    Which of the following is most likely to be a variable cost for a business?

    Which of the following items is most likely to be a variable cost for a company? Products can be shipped for a cost.

    What is most likely to be a variable cost?

  • Materials should be used directly.
  • Direct labor is a term used to describe labor that is performed
  • Fees associated with transactions
  • Commissions are a type of fee.
  • Costs of utility services.
  • Labor that can be billed.
  • What are the variable costs of a business?

    COGS, raw materials and production inputs, packaging, wages and commissions, and certain utilities (such as electricity or gas that increases with production capacity) are all examples of variable costs.

    Which of the following is likely to be a variable cost for a firm?

    It refers to a cost that fluctuates with the amount of output produced, as opposed to a fixed cost that stays the same regardless of output. Wages paid to labor, the cost of other raw materials, and so on are all examples of variable costs.

    What are the variable cost of a firm?

    Variable and fixed costs are the two types of production costs that businesses face. The cost of variable costs varies according to the amount of output produced. Labor, commissions, and raw materials are all examples of variable costs. Regardless of production output, fixed costs stay the same.

    Which of the following is a variable cost?

    Raw materials have variable costs, meaning that they change according to the amount of output, whereas fixed costs do not vary.

    Which costs are variable in the short run?

    In addition to employee wages, raw material costs are variable costs. Costs of short runs rise or fall in relation to variable cost and production rate. If a company can successfully manage its short-run costs over time, it will be more likely to achieve its long-run costs and goals.

    What factors are variable in short run?

    The output produced by firms is dependent entirely on the variable factors that go up or down in the short-run. They have the ability to alter factors such as labor and raw materials. They can't change fixed factors like buildings, rent, or know-how because they're still in the early stages of production.

    What is most likely to be a fixed cost for a business?

    In addition to rent or mortgage payments, salaries, insurance, property taxes, interest expense, depreciation, and possibly some utilities, there are also many fixed costs you need to cover.

    What are the fixed costs of a business?

    In addition to property taxes and rent, fixed costs can include salaries of non-sales and management personnel as well as benefit costs. The majority of businesses incur one or more of these costs.

    What are 4 examples of fixed expenses?

  • Payments for rent or a mortgage
  • You pay for your car.
  • The repayment of other loans.
  • Premiums paid by insurance companies.
  • A tax on real estate.
  • Bills for phone and utilities
  • The cost of child care.
  • Fees for tuition.
  • What is an example of a fixed product cost?

    Fixed costs are costs that do not fluctuate in response to changes in output. The cost of insurance, rent, regular profits, setup costs, and depreciation are examples.

    What are variable costs and what is an example of a variable cost?

    Similarly, if the firm produces 1000 units, the price will increase to $2,000 per unit. Among the variables included in the cost of production are labor, commissions for sales representatives, packaging, and raw materials. Semi-variable costs are a mix of variable and fixed costs that companies may have.

    Which cost is an example of a variable cost quizlet?

    Can you give me an example of variable costs? An accounting term that represents the costs of goods sold for a merchandising company, direct materials, direct labor, variable overhead from manufacturing, and selling and administrative expenses, such as commissions and shipping.

    What are some examples of variable?

    There are many characteristics, numbers, or quantities that can be measured or counted as variables. Variables or data items are both terms for variables. There are many variables in a study, including age, sex, income and expense data, country of birth, capital expenditures, class grades, eye color and vehicle type.

    Which is the variable cost?

    Businesses incur variable costs as they produce different quantities of goods or services. All units produced must have a marginal cost to be considered variable. A variable manufacturing overhead cost is one example of an indirect cost that is not a direct cost.

    Which of the following would be considered as a fixed cost for a firm?

    Rent, salaries, insurance, property taxes, interest expenses, depreciation, and possibly some utilities are examples of fixed costs.

    What is most likely to be a variable cost?

  • All of a product's costs are directly attributed to the raw materials that go into it.
  • Work is paid on a piece rate basis....
  • Supplies for the manufacturing process
  • Wages of billable staff.
  • There are commissions.
  • Fees for using a credit card...
  • Out with the freight.
  • Which of the following describes a variable cost?

    Variable costs are those that are subject to change. The total costs incurred by a business in relation to its activities. The cost per unit remains constant no matter what the level of activity is.

    What is a variable cost in the short run?

    Variable costs fluctuate with output in the short run. Wages for employees and raw material costs are two examples of variable costs. Short-run costs rise or fall in response to variable costs and production rates.

    Which of the following is most likely to be classified as a fixed cost?

    Property taxes are the correct answer to this question.

    Which of the following costs is an example of a fixed cost?

    This example shows that variable costs are $2 million instead of zero. A fixed cost is one that's not variable, such as a lease and rent payment, utilities, insurance, or certain salaries.

    Which cost is an example of a variable cost quizlet?

    Can you give me an example of variable costs? An accounting term that represents the costs of goods sold for a merchandising company, direct materials, direct labor, variable overhead from manufacturing, and selling and administrative expenses, such as commissions and shipping. Variable cost is any expenditure that causes a cost to incur.

    Which of the following is a concrete example of a variable cost?

    Because producing a larger quantity of a good or service usually necessitates more workers or longer work hours, labor is treated as a variable cost. Raw materials are also treated as a variable cost. Consider the barbershop “The Clip Joint” in Figure 7 as an example of fixed and variable costs.

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