Rental charges of $60,000 per year plus $2 for each machine hour over 15,000 hours is an example of a fixed cost.

Name: Rental charges of $60,000 per year plus $2 for each machine hour over 15,000 hours is an example of a fixed cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is an example of a mixed or hybrid cost, as it includes a fixed cost component of $60,000 per year and a variable cost component of $2 per machine hour over 15,000 hours.

Rental Charges of $60,000 Per Year Plus $2 for Each