Items such as lease payments, administrative staffing, and insurance costs, that remain stable at any production level within a certain range are known as:
A) fixed costs.
B) variable costs.
C) profits.
D) total costs.

Question

Quizplus · Accepted Answer

Fixed costs are expenses that do not change in relation to the level of production or sales, such as lease payments, administrative staffing, and insurance costs, within a certain range of activity.

Items Such as Lease Payments, Administrative Staffing, and Insurance Costs