Some costs cannot be varied no matter how long the period in question.These are called
A)overheads.
B)total costs.
C)fixed costs.
D)variable costs.

Question

Quizplus · Accepted Answer

Fixed costs are costs that do not vary with changes in the level of production or sales over a given period of time. Examples of fixed costs include rent, salaries, insurance premiums, and property taxes. These costs are incurred regardless of whether or not any goods or services are produced or sold, and they are usually considered sunk costs that cannot be recovered if a business decides to shut down operations.

Some Costs Cannot Be Varied No Matter How Long the Period