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

Name: Which of the following is most likely to be a fixed cost?
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

Property insurance premiums are likely to be a fixed cost as they are a recurring expense that generally remains constant regardless of production or sales volume. Shipping charges and expenditures for raw materials are more likely to vary with changes in production volume, while wages for unskilled labor may also vary depending on the production needs.

Which of the Following Is Most Likely to Be a Fixed