An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
yes it is an example of fixed cost
In planning for a corporate event, you should keep in mind the cost, the venue, the rental, the catering cost and the number of attendees.
Rent is a fixed cost it is any cost that stays the same every month.ANSWERinsurance
Cheese
When there will be change in fixed cost of business then at that time fixed cost will be relevant cost For Example if acquiring new machinery will reduce the amount of fixed expense in that case fixed cost is also relevant.
Fixed cost become relevent cost when a particular decision affects the fixed cost of production. For Example: Before Decision fixed cost $100 After Decision Fixed Cost $120 so in this case fixed cost also becomes relevent for decision making.
Fixed are the cost that are not affected the by the fluctuations in the level of activity. As an example the rent cost of a apperal manufacturing company would be a typical example of a fixed cost in short run as rental is not affected by the level of activity that is produced.
Direct labor and direct material is example of variable cost which increase with each increase of unit. Factory rent is example of fixed cost which remains fixed even in change in number of units produced.
An example of a monthly fixed cost for a sandwich soap is the monthly rent or the wages that they pay monthly.
the cost which is not change with production fixed cost example rent of factory , employee salaries in case of manufacturing unit , fixed electricity charge etc.