A(n)________ is an expense incurred by the organization regardless of the number of products produced.
A)variable cost
B)sunk cost
C)total cost
D)fixed cost
E)inflationary cost

Question

Quizplus · Accepted Answer

A fixed cost is an expense that does not change with the level of production or sales over a short period. These costs are incurred by an organization irrespective of the number of products it produces, such as rent, salaries, and insurance.

A(n)________ Is an Expense Incurred by the Organization Regardless of the Number